Hyundai Motor Group Posts Robust Sales Growth at Home and Abroad in August

The Hyundai Motor Group showed a sales growth of 9.2% last month, with domestic sales growing 7.4% and exports 9.5%. The company's performance was outstanding compared with other domestic automakers. SsangYong Motor and Renault Samsung Motors posted an increase in domestic sales but their exports plummeted. GM Korea’s performance deteriorated both at home and abroad.

Hyundai Motor Company announced on September 3 that it sold 384,443 cars worldwide last month with a year-on-year growth of 9.2%. The domestic sales volume rose 7.4% to 58,582 and the exports rose 9.5% to 325,861, led mainly by the Latina American and Chinese markets. Kia Motors recorded a domestic sales volume of 44,200 with an increase of 7.7%. Its overseas sales edged down by 2% to 179,448.

SsangYong sold 9,055 cars at home, up 9.7% from a year ago, and 2,366 units abroad, down 31.8%. The Rexton Sports alone reached a sales volume of 3,412 in the South Korean market whereas the company’s sales in Europe led the decline. The figures are 7,108 (up 1.5%) and 5,625 (down 54.9%) for Renault Samsung.

GM Korea, in the meantime, sold 7,391 cars in South Korea last month, down 26.1% from a year earlier. The sales volume of the newly launched Equinox SUV stood at 97. Its exports volume fell 49.8% to 15,710.