The South Korean carmaker, Hyundai Motor Company on Monday reported a 39.3 percent decline in global sales at 217,510 units in the month of May due to slowing economic activities around the world caused by the COVID-19 pandemic.
The company had sold 358,567 units in the same month last year, the automaker said in a release.
Sales in Hyundai’s home market increased 4.5 percent year on year to 70,810 units as against 67,756 units in May 2019. The company said that popular models such as Grandeur sedan, sold as Azera in some markets, led domestic sales with 13,416 units.
The strong performance of new models, including all-new Avante sedan, sold as Elantra in some markets, and G80 sedan of Genesis brand also helped to maintain robust sales momentum in Korea.
In other markets, sales slowed to 146,700 units compared with 290,811 units in 2019 due to weak auto demand from slowing economic activities in markets around the globe and suspension of production at some overseas plants, stemming from COVID-19.
The company is implementing various schemes to take care of its customers, such as extending warranty periods and launching new models online.
