Hyundai Motor Reports 2020 Global Sales and 2021 Goals

  • Hyundai’s 2020 global sales total 3.74 million units, down 15.4% Y/y
    ⋯ Korea sales rise 6.2%; overseas sales retreat 19.8% amid COVID-19
  • December sales decline 6.4% Y/y to 373,970 units
  • Company targets 2021 global sales of 4.16 million units
    ⋯ to sell 3.42 million units overseas; 741,500 units in Korea home market

SEOUL, January 4, 2021 – Hyundai Motor Company today announced its 2020 global sales performance, which recorded a 15.4 percent decline from a year earlier amid the ongoing COVID-19 pandemic.

Led by the popularity of SUV models and eco-friendly line-up, sales in the Korea market increased 6.2 percent to 787,854 units while those out of Korea dropped 19.8 percent as the sluggish economic activities dented auto demand in most regions. 

While competition in global automotive markets gets ever fiercer this year amid recovering auto demand worldwide, Hyundai aims to sell 4.16 million units around the globe in 2021 with optimized business strategies by each region. The company targets to sell 741,500 units in Korea and 3.41 million units in overseas markets.

For December, monthly sales totaled 373,970 units including 305,484 for overseas markets. 

The company will continue implementing diverse measures to take care of its customers and to offer the world-best products meeting their needs. Furthermore, the company plans to solidify its global leadership in eco-friendly mobility market with the launch of upcoming IONIQ 5—its first dedicated BEV model.

■ 2020 Sales Results (Units)

Subject

December

’20

December

’19

Y/Y Change

November

20

M/M Change

2020 YTD

2019 YTD

YTD Change

Korea Sales

68,486

66,335

3.2%

70,035

-2.2%

787,854

741,842

6.2%

Overseas Sales

305,484

333,118

-8.3%

307,158

-0.5%

2,955,660

3,683,686

-19.8%

Global Sales

373,970

399,453

-6.4%

377,193

-0.9%

3,743,514

4,425,528

-15.4%

 

■ 2021 Sales Plan (Units) 

Subject

2021 Plan

2020 Result

Y/Y

Korea Sales

741,500

787,854

-5.9%

Overseas Sales

3,418,500

2,955,660

15.7%

Global Sales

4,160,000

3,743,514

11.1%

 

* 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.

 

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About Hyundai Motor Company
Established in 1967, Hyundai Motor Company offers a range of world-class vehicles and mobility services in more than 200 countries. Hyundai Motor sold more than 4.4 million vehicles globally in 2019, and currently employs some 120,000 personnel worldwide. The company is enhancing its product lineup with vehicles designed to help usher in a more sustainable future, while offering innovative solutions to real-world mobility challenges. Through the process Hyundai aims to facilitate ‘Progress for Humanity’ with smart mobility solutions that vitalize connections between people and provide quality time to its customers.

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.