Hyundai Motor Reports September Global Sales

- Global sales up 61.3% Y-o-Y to 307,181 units
- Korean sales up 118.0%, overseas sales rise 50.0% Y-o-Y

(Seoul, Korea) Hyundai Motor Company, South Korea’s largest automaker, posted a 61.3 percent rise in September global sales compared to a year earlier helped by the launch of two new models, Tucson ix and Sonata, as well as strong sales from overseas plants.

Domestic sales rose 118.0 percent to 68,570 units in September from 31,449 units a year earlier. This can be attributed mainly to the Korean government’s tax benefits offered since May to consumers who exchange their vehicles older than 10 years for new ones. More working days, compared to the same month last year, also influenced the results.

The best-selling model in Korea last month was the Sonata, selling 16,299 units. Of this figure, 9,517 units were the all-new Sonata model, which was launched in the domestic market on September 17.

Total overseas sales, including both exports from Korea and sales from overseas plants, rose by 50.0 percent to 238,611 units in September, up from 159,031 units a year earlier, aided by strong sales from Hyundai’s overseas plants in China, India and the Czech Republic.

Exports from Korea increased by 43.9% to 88,331 units for the month compared to a year earlier. In September last year, supplies from domestic plants were insufficient due to national holidays which fell in that month. Sales from overseas plants rose 53.9 percent to 150,280 units.

Hyundai Motor will keep focusing on expanding its market share in the global market by increasing supplies of popular models and continuing marketing activities to suit local markets.