• May 2024 global sales totaled 356,223 units, a 1.9% increase Y/y
• Hyundai Motor sold 294,023 units outside of South Korea, a 4.7% increase Y/y
• The company sold over 17,000 units of electric vehicles (EVs) worldwide
Hyundai Motor Company today announced global sales were up 1.9 percent from a year earlier to 356,223 units in May 2024.
With the brand witnessing solid sales momentum in North and South America and India, sales outside South Korea increased by 4.7 percent in May to 294,023 units.
In South Korea, Hyundai Motor sold 62,200 units in May, a decrease of 9.4 percent compared with the same month last year.
Hyundai Motor’s SUV models collectively sold 20,921 units in the domestic market last month, while the Genesis luxury brand maintained solid momentum, with sales of 10,136 units.
Hyundai Motor sold more than 17,000 electric vehicles (EVs) in May worldwide, maintaining the EV sales momentum and solidifying its electrification leadership in the global market.
To cope with business uncertainties, Hyundai Motor plans to strengthen its production and sales system to meet demand and respond flexibly to changes in regional markets. The company also plans to increase market share by introducing more EV and hybrid lineups and to increase profitability by enhancing product mix with more SUVs and luxury models.
| Region | May’24 | May’23 | Y/y Change | April’23 | M/M Change | 2024 YTD | 2023 YTD | YTD Change |
| Korea | 62,200 | 68,680 | -9.4% | 63,733 | -2.4% | 285,900 | 326,387 | -12.4% |
| Outside of Korea | 294,023 | 280,957 | 4.7% | 282,740 | 4.0% | 1,423,563 | 1,379,967 | 3.2% |
| Global | 356,223 | 349,637 | 1.9% | 346,473 | 2.8% | 1,709,463 | 1,706,354 | 0.2% |
