Hyundai Reports June Global Sales

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  • 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.

June 2009 Results

June 2009

Y-o-Y (%)

June 2008

Domestic

Sales

Passenger Cars

49,966

55.0

32,234

SUVs

10,017

89.1

5,297

1CVs

14,702

36.5

10,770

Total

74,685

54.6

48,301

Overseas

Sales

Exports

83,702

-18.4

102,570

2Overseas Plants

120,098

16.4

103,152

Total

203,800

-0.9

205,722

Global Sales Total

278,485

9.6

254,023

  • Commercial Vehicles (CV) include buses & trucks.
  • Hyundai Motor currently has 5 overseas plants in China, India, Turkey, U.S. and Czech.

※ Excludes KD(Knock Down) unit sales