The FINANCIAL — Hyundai Motor, South Korea’s largest automaker, reports its global sales results for July 2016.
1. Commercial Vehicles (CV) include LCV, buses and trucks.
2. Hyundai Motor currently has overseas plants in Brazil, China, the Czech Republic, India, Russia, Turkey and the U.S.
3. Domestic Production relate to the vehicles produced in Korea for the overseas markets.
4. Domestic Sales is based on retail sales while Overseas Sales is based on shipments.
Global sales in July 2016 totals 339,273 units – a decrease of 5.1% YoY.
Sedan models including Sonata, Elantra and Azera accelerate sales in Korea reaching a total of 18,568 units.
Genesis G80 which started sales in July posts strong sales totalling 3,200 units in Korea.
Despite sales decrease in the U.S., SUVs and Elantra are expected to regain sales momentum in the U.S. market.
Sales in China market increases as models like Elantra and Verna appeal to the Chinese customers nationwide.
India shows solid performance as Creta, i10 and i20 sales maintain strong growth.
Russia regains growth momentum with increased sales of Solaris as market conditions recover.