By Moses Ebosele, email@example.com —
For the month of August, 2022, Hyundai Motor Company recorded global sales of 334,794 units, an increase of 11.6 per cent when compared with the same period last year.
According to the company, in markets outside of Korea, a total of 285,570 unit sales were recorded, a 14.7 per cent increase from a year earlier.
The company explained that despite global component shortages and ongoing geopolitical issues, sales in global markets have recovered steadily.
Sales in Korea were down by 3.5 per cent year-over-year to 49,224 units. However, the company maintained solid sales of SUV models and Genesis luxury brand vehicles, selling 15,164 units and 9,617 units, respectively.
“In spite of unfavourable external conditions, including ongoing components shortages and cost fluctuations of raw materials, Hyundai Motor will continue to alleviate business uncertainties by optimizing production and inventory status while diversifying business strategies tailored for each region.
“Hyundai Motor expects to recover its sales with a strengthened product lineup, including the recently revealed IONIQ 6 and the new model of Grandeur sedan to be unveiled at the end of this year”.