Hyundai Reports September Global Sales

Hyundai Motor Company posted its global sales data for the month of September and reported a 61.3 percent rise compared to a year earlier. This increase was aided by the launch of the redesigned Tucson and Sonata, as well as strong sales from overseas plants.

Domestic sales rose 118.0 percent to 68,570 units in September from 31,449 units a year earlier. This can be attributed mainly to the Korean government’s tax benefits offered since May to consumers who exchange their vehicles older than 10 years for new ones. More working days in Korea, compared to September 2008, also influenced the results.

The best-selling model in Korea last month was the Sonata, selling 16,299 units. Of this figure, 9,517 units were the redesigned YF Sonata that was launched in Korea on September 17. Cumulative overseas sales, including both exports from Korea and sales from overseas plants, rose by 50.0 percent to 238,611 units in September, up from 159,031 units a year earlier. Strong sales from Hyundai’s overseas plants in China, India and the Czech Republic contributed to this increase.

Exports from Korea increased by 43.9% to 88,331 units for the month compared to a year earlier, while sales from overseas plants rose 53.9 percent to 150,280 units.

[Source: Hyundai]

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