- 2023 July global sales totaled 334,986 units, up 1.2% Y/y
- Hyundai Motor sold 277,465 units outside of Korea, a 1.1% increase Y/y
- Sales in Korea increased 2.1% Y/y to 57,503 units
- Global sales from January to July of 2023 are up 9.3% from a year earlier
- The gradual recovery from the global parts shortage and the launch of new models are spurring the company’s robust sales momentum
Hyundai Motor Company today announced global sales of 277,465 units in July 2023, a 1.2 percent increase year-over-year.
Despite continued uncertainties in the business environment, the company is maintaining robust sales momentum due to the gradual recovery from the global parts shortage and the launch of new models, including the all-new KONA SUV and all-new Grandeur flagship sedan (badged as Azera outside of Korea).
In July, sales numbers outside Korea increased by 1.1 percent with 277,465 units. The gradual recovery from the global parts shortage and production stabilization has helped the company secure solid performance in North American and European markets.
Sales in Korea increased 2.1 percent from the previous year's July sales of 57,503 units with the introduction of new models, including the Grandeur, and strong demand for SUV models. The Grandeur sold 8,531 units and Hyundai’s SUV models collectively sold 17,146 units in Korea. The Genesis luxury brand also maintained strong momentum with 10,455 units sold.
Hyundai Motor sold more than 19,600 units of its electric vehicle (EV) models in July, proving that the company is solidifying its EV leadership in the global market. Hyundai’s dedicated battery electric IONIQ models, including IONIQ 5 and IONIQ 6, accounted for around 65 percent of its total EV sales.
By July this year, Hyundai sold 2,416,508 units around the globe, up 9.3 percent from the same period a year earlier, thanks to solid demand for Hyundai models.
To meet its customers’ diverse needs, Hyundai Motor will continue implementing various measures to deliver class-leading products, including the all-new KONA SUV launched in March, IONIQ 5 N and Santa Fe SUV being launched later this year.
1. Sales in Korea is based on retail sales while overseas sales (global sales excluding Korea) is based on wholesales.
2. Sales results include sedan, SUV and CV models produced by Hyundai Motor.
3. This press release contains forward-looking statements that are based on current expectations about possible future events. Our actual results may differ due to a variety of factors.