Hyundai Motor November Sales of 355,000 Units...3.7% Decrease YoY

Domestic -12.3% · Overseas -1.6%

In November this year, Hyundai Motor Company's sales volume amounted to approximately 355,000 units, down 3.7% compared to the same month last year. This decline was mainly due to a noticeable decrease in domestic sales.

Hyundai Motor announced on the 2nd that it sold a total of 355,729 units last month, including 63,170 units domestically and 292,559 units overseas. This represents a 3.7% decrease compared to the same month last year.

During the same period, the decline in domestic sales was particularly significant at 12.3%. Except for the Sonata (6,658 units, +36.0%), Ioniq 6 (734 units, +18.8%), and Tucson (5,583 units, +74.2%), sales of all passenger cars decreased. The largest declines were seen in the Nexo (111 units, -52.2%), Venue (395 units, -49.1%), Grandeur (5,047 units, -36.8%), Kona (2,034 units, -36.6%), and Casper (3,745 units, -34.3%), in that order.

Genesis sales performed relatively well, recording 10,951 units, a 2.8% increase compared to the same month last year. The G80 (3,487 units, +15.3%) and GV70 (3,155 units, +8.4%) led the increase in sales. However, the G70 (206 units, -22.8%), GV60 (58 units, -39.6%), GV80 (3,362 units, -13.2%), and G90 (683 units, -5.0%) experienced declines.

The decrease in overseas sales was limited to 1.6%, with a total of 292,559 units sold. A Hyundai Motor official stated, "Despite the slowdown in growth rates in key markets, along with unfavorable management conditions due to exchange rate and interest rate fluctuations and expanding geopolitical risks, we plan to maintain steady sales of hybrid vehicles, which are experiencing a global surge in demand, and continue to drive sales growth by consecutively launching next-generation models."

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This content was produced with the assistance of AI translation services.