Hyundai Motor : Reports July 2021 Global Sales Results
08/02/2021 | 03:02am EDT
· July 2021 global sales totaled 309,901 units, down 2.4% Y/y
· Sales outside of Korea increased 4.2% to 250,045 units
· Sales in Korea were down 22.6% to 59,856 units
SEOUL, August 2, 2021 -Hyundai Motor Company today announced global sales results for July 2021. The company sold 309,901 units globally last month, a decrease of 2.4 percent from a year earlier.
The company sold 250,045 units outside of Korea, up 4.2 percent from a year earlier when global sales were seriously affected by COVID-19. Recovery of demand drove sales increase in many global markets, including North America, South America, and Russia, where market conditions have improved.
Korea Sales Sales in Korea decreased 22.6 percent year-over-year to 59,856 units due in part to disruption in the semiconductor chip supply chain. Also, July sales in Korea were down in comparison to the sharp increase last July that was driven by pent-up demand.
This July, sedan models, including Grandeur (known as Azera in some markets), sold 5,247 units. Meanwhile, despite the overall sales decrease, Genesis luxury brand models, maintained steady sales with 11,950 units, including the G80 sedan and GV70 SUV selling 5,028 and 3,792 units, respectively.
Hyundai Motor expects that on-year sales growth could be slowed down for the rest of this year amid adverse business conditions caused by the resurgence in COVID-19 pandemic, as well as the unstable supply of semiconductor chips. However, the company will endeavor to sustain its sales momentum for the rest of the year and proactively cope with the risks.
■ Sales Results (Units)
* Monthly sales figures provided in this press release are unaudited and on a preliminary basis.
1. Sales in Korea is based on retail sales while overseas sales (global sales excluding Korea) is based on wholesales.
2. Sales results include entire sedan, SUV and CV models produced by Hyundai Motor.
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About Hyundai Motor Company
Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe.
Based on the brand vision 'Progress for Humanity,' Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider.
The company invests in advanced technologies such as robotics and Urban Air Mobility (UAM) to bring about revolutionary mobility solutions, while pursuing open innovation to introduce future mobility services.
In pursuit of sustainable future for the world, Hyundai will continue its efforts to introduce zero emission vehicles equipped with industry-leading hydrogen fuel cell and EV technologies.
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Hyundai Motor Company published this content on 02 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2021 07:01:06 UTC.