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Home Around-the-World Hyundai Targets 2021 Global Sales of 4.16 Million Units

Hyundai Targets 2021 Global Sales of 4.16 Million Units

TILDA FRANCES

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.

In a statement released recently, the auto maker expressed a determination to achieve its target with optimized business strategies by each region, as it targets to sell 741,500 units in Korea and 3.41 million units in overseas markets, including Nigeria.

However, announcing its 2020 global sales performance, the automaker said it 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 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 of 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%

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