Hyundai Motor's global sales decline in June amid weaker demand
Quick Look
- Hyundai Motor Co. reported a 5.9% year-on-year decline in global sales for June, totaling 338,313 vehicles, with both domestic and overseas demand falling.
- First-half sales also dropped 4.9%, though the company anticipates a gradual recovery driven by new model launches.
AI-generated summary
Why It Matters
Hyundai Motor Co. announced a decrease in its global sales for June and the first half of the year, attributing the decline to weaker demand both domestically and internationally.
SEOUL, July 1 (Yonhap) -- Hyundai Motor Co. said Wednesday its global sales declined from a year earlier in June, weighed down by weaker demand both at home and overseas.
South Korea's largest automaker sold 338,313 vehicles worldwide in June, down 5.9 percent from the same month last year.
Overseas sales fell 5.8 percent on-year to 280,081 units, while domestic sales declined 6.2 percent to 58,232 units.
In the first half of the year, Hyundai Motor sold 1.96 million vehicles globally, down 4.9 percent from a year earlier.
The company said sales are expected to gradually recover, supported by the launch of the facelifted Grandeur flagship sedan last month and the planned release of the redesigned Avante compact sedan in the second half of the year.
What to Watch
AI outlook — possibilities, not facts
Hyundai Motor's sales are expected to gradually recover in the second half of the year.
Likely · Within months
Open Questions
- What specific factors contributed to the weaker demand?
- How will the new Grandeur and Avante models perform in the market?
