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Hyundai Motor Global Sales Slump in August

Hyundai Motor Company recorded total car sales of 294,591 units globally in the just concluded month of August, a decrease of 7.6 percent from a year earlier.

The Korean automaker made the announcement in a statement released on Thursday.

During the month under review, the company sold 243,557 units outside of Korea, down 7.8 percent from a year earlier. It also recorded 51,034 units sales in Korea, a decrease of 6.5 percent compare to the same period in 2020.

Hyundai Motors attributed the sales slump mainly to the COVID-19 resurgence and the disruption of the semiconductor supply chain around the globe, adding that sales could be slowed down for the rest of 2021 amid adverse business conditions caused by the same issues.

“Nevertheless,” it noted, “Hyundai Motor will make every effort to recover its sales momentum for the rest of the year and proactively cope with the risks.”

Sales Results (Units)

Subject August

’21

August

’20

Y/Y Change July

’21

M/M Change 2021 YTD 2020 YTD YTD Change
Korea Sales 51,034 54,590 -6.5% 59,856 -14.7% 496,985 516,584 -3.8%
Overseas Sales 243,557 264,110 -7.8% 253,595 -4.0% 2,142,251 1,726,859 24.1%
Global Sales 294,591 318,700 -7.6% 313,451 -6.0% 2,639,236 2,243,443 17.6%

 

 

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