The FINANCIAL — Hyundai Motor Company, South Korea’s largest automaker, on October 10 announced its global sales results for September 2017, recording a total of 400,995 units sold.
Overseas sales decreased by 1.3% year-over-year, posting 341,281 units despite a 45.8% increase in domestic production exports. The decrease was mainly due to ongoing weak sales pace in the Chinese market, according to Hyundai.
Domestic market sales increased by 43.7% compared to the previous year, recording 59,714 units sold. Sales were up in part due to the timing difference of the Chuseok holiday (which fell in September last year compared to October this year) and labor issues in Korea.
Hyundai Motor plans to overcome sluggish global demands and rising uncertainties in both emerging and developed markets, by strengthening its product line-up through the roll out of various new products in the coming months while increasing SUV supply to meet increasing market demand.
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