Hyundai Motor Reports June Global Sales
- Global sales up 9.6% Y-o-Y to 278,485 units
- Korea domestic sales rise 54.6%, overseas sales fall 0.9%
(Seoul, Korea) Hyundai Motor Company, South Korea's largest automaker, posted a 9.6 percent rise in June global sales compared to a year earlier, aided by the Korean government's Scrappage Program, which boosted local demand.
Domestic sales rose 54.6 percent to 74,685 units in June from 48,301 units a year earlier. This can be attributed to the tax benefits offered by the Korean government to consumers who exchange their vehicles older than 10 years for new ones. This program was initiated in May, as part of efforts to support the struggling auto industry.
However, total overseas sales, including both exports from Korea and sales from overseas plants, fell slightly by 0.9 percent to 203,800 units in June, down from 205,722 units a year earlier.
Exports from Korea fell 18.4 percent to 83,702 units for the month compared to a year earlier, while sales from overseas plants rose 16.4 percent to 120,098 units.
The outlook for demand in export markets still looks grim for the second half of this year. Hyundai Motor will continue to respond more flexibly to changing market demands by increasing supplies of small passenger cars and expanding marketing activities to suit local markets.
June 2009 Results
1. Commercial Vehicles (CV) include buses & trucks.
2. Hyundai Motor currently has 5 overseas plants in China, India, Turkey, U.S. and Czech.
* Excludes KD(Knock Down) unit sales.
Established in 1967, Hyundai Motor Co. has grown into the Hyundai-Kia Automotive Group which was ranked as the world's fifth-largest automaker since 2007 and includes over two dozen auto-related subsidiaries and affiliates. Employing over 75,000 people worldwide, Hyundai Motor sold approximately 2.8 million vehicles globally in 2008, posting sales of US$25.6 billion on a non-consolidated basis (using the average currency exchange of 1257.5 won per US dollar). Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms. Further information about Hyundai Motor and its products are available at http://www.hyundai.com/
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