Hyundai Motor Company

12/01/2021 | Press release | Distributed by Public on 12/01/2021 00:45

Hyundai Motor Reports November 2021 Global Sales Results

· November 2021 global sales totaled 312,602 units, a decrease of 17.1% Y/y

  • · Sales outside of Korea declined 18.4% to 250,531 units
  • · Sales in Korea were down 11.4% to 62,071 units
  • · Hyundai witnessing gradual increase beginning from September
  • · Hyundai will make every effort to recover its sales by strengthening the growth of IONIQ 5 EV and the Genesis luxury brand lineup

SEOUL, Dec. 1, 2021 - Hyundai Motor Company today announced global sales results for November 2021. The company sold 312,602 units globally last month, a decrease of 17.1% from a year earlier.

The company sold 250,531 units outside of Korea, down 18.4% from a year earlier. Despite a slight upward movement in the European market sales, overall sales decreased mainly because of disruption in the global semiconductor part supply and the impact caused by the ongoing COVID-19 crisis.

Sales in Korea decreased 11.4% Y/y to 62,071 units. Although total sales are down from the previous year, various SUV and Genesis luxury brand models created sales momentum with a total of 31,862 units in Hyundai's home market.

Hyundai will continue to manage risk in the challenging business environment through flexible adjustment of its production plans in line with inventory status. Also, Hyundai is witnessing gradual increase in vehicle production beginning from September. Year to date, Hyundai is recording 5.4% increase in global sales year over year reflecting the company's strong product line-up.

Moreover, the company will make every effort to regain its sales by strengthening the growth of IONIQ 5 battery electric vehicle and the Genesis luxury brand line-up.


■ Sales Results (Units)

Subject
October
'21
October
'20
Y/Y Change
September
'21
M/M Change
 2021 YTD
 2020 YTD
 YTD Change
Korea Sales
 62,071
 70,035
 -11.4%
 57,813
 7.4%
 660,726
 719,368
 -8.2%
Overseas Sales
 250,531
 307,158
 -18.4%
 251,668
 -0.5%
 2,891,454
 2,650,176
 9.1%
Global Sales
 312,602
 377,193
 -17.1%
 309,481
 1.0%
 3,552,180
 3,369,544
 5.4%

* 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 entire sedan, SUV and CUV models produced by Hyundai Motor.



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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 Urban Air Mobility (UAM) 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:

http://worldwide.hyundai.com or http://globalpr.hyundai.com


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.