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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  Hyundai Motor Co    A005380   KR7005380001

HYUNDAI MOTOR CO

(A005380)
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U.S. September auto sales fall as shift in Labor Day holiday hurts

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10/01/2019 | 12:51pm EST
89th Geneva International Motor Show in Geneva

(Reuters) - Automakers, including Toyota Motor Corp and Hyundai Motor, on Tuesday reported a sharp drop in September U.S. sales, hurt by the early timing of Labor Day as sales from the holiday weekend were booked in August.

The Labor Day weekend is one of the busiest car-buying periods in the United States that has automakers and dealers roll out promotions days in advance to boost sales.

Toyota Motor Corp said it U.S. sales fell 16.5% to 169,656 vehicles in September, hurt by lower sales of its Highlander and Tacoma sport utility vehicles, as well as declining demand for sedans such as Camry and Prius.

Hyundai Motor's U.S. sales tumbled 9% to 51,951 automobiles last month, due to lower volumes of its Elantra and Sonata sedans, while Nissan's U.S. sales plunged 17.6% to 101,244 vehicles on lower sales of its Sentra sedan and Rogue SUV.

U.S. automakers are focusing on selling larger SUVs and trucks that are more profitable.

While higher vehicle prices and rising interest rates earlier in the year kept car shoppers on the sidelines, analysts expect recent cuts in interest rates to boost car sales in the third quarter.

The average interest rate on a finance deal fell to 5.5% in the latest quarter, more than 60 basis points lower than the first quarter, according to auto consultants J.D. Power and LMC Automotive.

In the third quarter, sales in the United States slipped 1.2% to 627,194 vehicles for Toyota, rose 5% to 173,028 vehicles for Hyundai and fell 5% to 327,354 vehicles for Nissan.

U.S. car shopping website Edmunds has forecast third-quarter sales for the industry to rise by 0.8% to 4.3 million vehicles, led by volume gains at General Motors Co.

GM, Ford and Fiat Chrysler report quarterly numbers on Wednesday.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta and Anil D'Silva)

Stocks mentioned in the article
ChangeLast1st jan.
FIAT CHRYSLER AUTOMOBILES -0.55% 13.076 End-of-day quote.3.11%
GENERAL MOTORS COMPANY -0.76% 35.11 Delayed Quote.4.96%
HONDA MOTOR CO., LTD. -0.19% 3135 End-of-day quote.11.96%
HYUNDAI MOTOR CO End-of-day quote.
NISSAN MOTOR CO., LTD. -1.16% 679.6 End-of-day quote.-20.62%
TOYOTA MOTOR CORPORATION -1.03% 7650 End-of-day quote.23.79%
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Financials (KRW)
Sales 2019 104 986 B
EBIT 2019 3 584 B
Net income 2019 3 183 B
Debt 2019 47 688 B
Yield 2019 3,47%
P/E ratio 2019 9,30x
P/E ratio 2020 7,09x
EV / Sales2019 250x
EV / Sales2020 243x
Capitalization 26 161 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Average target price 162 923,08  KRW
Last Close Price 120 000,00  KRW
Spread / Highest target 54,2%
Spread / Average Target 35,8%
Spread / Lowest Target -22,5%
EPS Revisions
Managers
NameTitle
Mong-Koo Chung Chairman & Co-Chief Executive Officer
Won-Hui Lee Co-President, Co-CEO & Director
José Munoz Global Chief Operating Officer
Byeong-Cheol Choi Chief Financial Officer
Moon-Sik Kwon Vice Chairman-Executive Board, Head-R&D
Sector and Competitors
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HYUNDAI MOTOR CO21 953
TOYOTA MOTOR CORPORATION23.79%196 043
VOLKSWAGEN AG26.48%97 494
DAIMLER AG6.20%57 872
BMW AG3.54%52 438
HONDA MOTOR CO., LTD.11.96%50 491