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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Hyundai Motor Company    A005380   KR7005380001

HYUNDAI MOTOR COMPANY

(A005380)
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Toyota U.S. August sales fall 23% as pandemic weighs on inventory

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09/01/2020 | 12:43pm EDT
FILE PHOTO: Bangkok International Motor Show

Toyota Motor Corp on Tuesday reported a 23% drop in U.S. new vehicle sales in August versus the same month in 2019, as a two-month industrywide shutdown of auto production in the spring to halt the spread of COVID-19, as well as an uncertain economic recovery, weighed on sales.

This was Toyota's fifth straight month of U.S. sales declines.

South Korean automaker Hyundai Motor Co said its U.S. sales fell 8.4% in August, largely due to a decline in fleet sales to rental car companies, government agencies and corporations. Hyundai had posted a slight sales gain in July.

Automakers have struggled to get inventory to dealers to replenish stocks following the pandemic-fueled shutdowns.

This has enabled them to scale back consumer discounts on popular models and raise vehicle prices.

According to consultancies LMC and J.D. Power, which had predicted industrywide U.S. new vehicle sales to be down 20% in August, nearly 45% of vehicles sold during the month spent fewer than 20 days on dealer lots, 35 percentage points more than the previous year.

TrueCar Inc subsidiary ALG said on Tuesday that the average transaction price for vehicles was up 3.9% in August versus the same month in 2019.

While U.S. demand for new vehicles has remained stronger than expected after driving off a cliff in March and April as a number of states shut down because of the coronavirus, there is plenty of uncertainty over whether a sustained recovery is possible.

Outbreaks of COVID-19 across southern and southwestern U.S. states during the summer appear to have slowed the economic recovery. Unemployment remains high and could weigh further on sales moving forward.

By Nick Carey and Rachit Vats


Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI CORPORATION 1.75% 14500 End-of-day quote.-18.99%
HYUNDAI MOTOR COMPANY 2.77% 167000 End-of-day quote.38.59%
TOYOTA INDUSTRIES CORPORATION 1.95% 6800 End-of-day quote.7.42%
TOYOTA MOTOR CORPORATION 0.10% 6973 End-of-day quote.-9.61%
TRUECAR, INC. -0.91% 4.905 Delayed Quote.3.26%
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Financials
Sales 2020 103 342 B 91,7 B 91,7 B
Net income 2020 2 638 B 2,34 B 2,34 B
Net Debt 2020 55 711 B 49,4 B 49,4 B
P/E ratio 2020 15,4x
Yield 2020 2,26%
Capitalization 35 274 B 31 210 M 31 288 M
EV / Sales 2020 342x
EV / Sales 2021 307x
Nbr of Employees -
Free-Float 71,0%
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Mean consensus BUY
Number of Analysts 28
Average target price 208 071,43 KRW
Last Close Price 167 000,00 KRW
Spread / Highest target 49,7%
Spread / Average Target 24,6%
Spread / Lowest Target -16,2%
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Managers
NameTitle
Mong-Koo Chung Co-Chief Executive Officer & Honorary Chairman
Won-Hui Lee Co-President, Co-CEO & Director
Eui-Sun Chung Chairman
José Munoz Global Chief Operating Officer
Byeong-Cheol Choi Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
HYUNDAI MOTOR COMPANY38.59%31 210
TOYOTA MOTOR CORPORATION-9.61%186 072
VOLKSWAGEN AG-21.10%85 325
DAIMLER AG-1.96%61 293
GENERAL MOTORS COMPANY0.63%52 707
BMW AG-12.59%48 818