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Corporate Information Hyundai Motor Reports August 2024 Global Sales
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Corporate Information Hyundai Motor Reports August 2024 Global Sales
SEOUL, September 2, 2024 – Hyundai Motor Company announced today a 5.3 percent decrease in its global sales from a year earlier, with a total of 332,963 units sold in August 2024.
Of the total, the company sold 274,876 units outside of Korea, a decrease of 7.2 percent compared to August 2023.
In Korea, Hyundai Motor sold 58,087 units in August, an increase of 4.6 percent compared with the same month last year.
Hyundai Motor’s SUV models collectively sold 20,243 units in the domestic market last month, while the Genesis luxury brand maintained solid momentum, with sales of 10,323 units.
The company also sold over 20,000 electric vehicles (EVs) worldwide in August, maintaining its EV sales momentum and solidifying its electrification leadership in the global market.
To cope with business uncertainties, Hyundai Motor is strengthening its production and sales to meet demand and respond flexibly to changes in regional markets.
As announced at the recent CEO Investor Day, the company also plans to increase profitability by diversifying its hybrid and EV lineup, including INSTER, its new sub-compact EV, and IONIQ models. The company will also continue to improve its regional and product mix, optimize production, and enhance its product mix with more SUVs and luxury models.
■ Sales Results (Units)
| Region | August ’24 | August ’23 | Y/y Change | July ’23 | M/M Change | 2024 YTD | 2023 YTD | YTD Change |
| Korea | 58,087 | 55,555 | 4.6% | 56,009 | 3.7% | 459,800 | 509,608 | -9.8% |
| Outside of Korea | 274,876 | 296,172 | -7.2% | 277,255 | -0.9% | 2,270,362 | 2,260,295 | 0.4% |
| Global | 332,963 | 351,727 | -5.3% | 333,264 | -0.1% | 2,730,162 | 2,769,903 | -1.4% |
* 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 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.
Jiwon Moon
m00n@hyundai.com
Global PR Strategy & Planning · Hyundai Motor Company
Disclaimer: Hyundai Motor Company believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.
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
