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Corporate information Hyundai Motor Reports 2023 Global Sales and 2024 Targets
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Corporate information Hyundai Motor Reports 2023 Global Sales and 2024 Targets
SEOUL, January 3, 2024 – Hyundai Motor Company (Hyundai) today announced total global sales of 4,216,680 vehicles in 2023, marking a 6.9 percent increase compared with its 2022 performance.
Despite a continued rise in interest rates and global inflation, along with the consequent adverse market expectations in the automotive industry, Hyundai saw a significant sales increase in overall global markets, especially in Korea, North America, Europe, and India.
Following the launch of new SUVs, such as The all-new KONA and The all-new SANTA FE, and the expansion of its electric vehicle lineup, Hyundai achieved annual sales of 762,077 vehicles in Korea, a 10.6 percent increase year-on-year — while overseas sales reached 3,454,603 units, a 6.2 percent increase year-on-year.
In December 2023, Hyundai sold 342,919 units globally, comprising 280,747 units in overseas markets and 62,172 vehicles in Korea.
In 2024, Hyundai is aiming to achieve global sales of 4.24 million units, including its Genesis luxury brand. The company will optimize its product portfolio and vehicle supply management for each region, targeting the sale of 3.54 million units in overseas markets and 704,000 units in Korea.
Hyundai plans to take lead in electrification and focus on optimizing profitability by strengthening its global electric vehicle (EV) production infrastructure, establishing flexible business strategies to adapt to market changes, and reinforcing preemptive risk management capabilities.
■ 2023 Sales Results (Units)
| Subject | December ’23 | December ’22 | Y/y Change | November ’23 | M/M Change | 2023 YTD | 2022 YTD | YTD Change |
| Korea Sales | 62,172 | 70,387 | -11.70% | 72,058 | -13.70% | 762,077 | 688,884 | 10.60% |
| Overseas Sales | 280,747 | 275,294 | 2.00% | 297,327 | -5.60% | 3,454,603 | 3,254,038 | 6.20% |
| Global Sales | 342,919 | 345,681 | -0.80% | 369,385 | -7.20% | 4,216,680 | 3,942,922 | 6.90% |
■ 2024 Sales Plan (Units)
| Subject | 2024 Targets | 2023 Results |
Korea Sales | 704,000 | 762,077 |
| Overseas Sales | 3,539,000 | 3,454,603 |
| Global Sales | 4,243,000 | 4,216,680 |
* 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.
3. This press release contains forward-looking statements that are based on current expectations about possible future events. Our actual results may differ due to a variety of factors
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 Advanced Air Mobility (AAM) 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.
More information about Hyundai Motor and its products can be found at:
https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai
