In light of the ongoing COVID-19 epidemic, Hyundai Motor Company reported its 2020 global sales performance, which showed a 15.4% reduction from a year earlier. In 2020, Hyundai sold the following vehicles both globally and in Korea:
Recall that foreign sales (worldwide sales excluding Korea) are based on wholesales whereas sales in Korea are based on retail sales. All Hyundai Motor sedan, SUV, and CV models are included in the sales figures.
Sales in the Korean market grew 6.2 percent to 787,854 units, driven by the desire for SUV models and the eco-friendly lineup, while exports fell 19.8 percent as weak economic activity lowered demand for cars in most regions.
Hyundai sold 622,269 automobiles in total in the USA in 2020, a 10% decrease from 2019.
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Dec 2020 sales will be stronger
In comparison to December 2019, Hyundai Motor America reported overall December sales of 66,278 units, a 2% increase. Retail sales increased 12% in December. Sales of Hyundai fleet vehicles fell 34% in December.
In December, Hyundai sold 57,777 retail units, with SUVs accounting for 70% of the entire retail mix. The Venue (+108%), Kona (+11%), Tucson (+10%), Santa Fe (+27% and its greatest December ever), and Palisade (+46%) all saw an increase in retail sales. Retail sales of green cars increased by 92%, with the Ioniq and Sonata Hybrid seeing the largest increases.
In comparison to Q4 2019, Hyundai sold 155,584 retail units, a 3% rise, and 178,844 total units, a 2% decrease.
Hyundai Motor Reports Global Sales for 2020 and 2021 Objectives
- 4.16 million units in global sales are the company’s goal for 2021. 3.42 million units were sold by A ato overseas; 741,500 were sold in Korea.
January 4, 2021, in SEOUL In light of the ongoing COVID-19 epidemic, the Hyundai Motor Company today reported its 2020 global sales results, which showed a 15.4% reduction from a year earlier.
Sales in the Korea market grew 6.2 percent to 787,854 units, driven by demand for SUV models and the eco-friendly lineup, but exports fell 19.8 percent as weak economic activity dampened demand for cars in most regions.
Hyundai expects to sell 4.16 million vehicles worldwide in 2021 with optimal business strategies by each location, despite the fact that competition in global automotive markets is becoming more fierce this year due to recovering auto demand globally. In Korea, the business plans to sell 741,500 units, and 3.41 million units will be sold internationally. A
Sales for December reached 373,970 units, with 305,484 of those going to foreign markets.
The business will keep taking a variety of actions to look after its clients and provide them with the top products available on the market. With the imminent release of the IONIQ 5, the company’s first solely dedicated BEV model, it also intends to bolster its position as the industry leader in the world of environmentally friendly transportation. A
The monthly sales figures mentioned in this press release are provisional and unaudited.
1. International sales (worldwide sales excluding Korea) are based on wholesales whereas Korean sales are based on retail sales.
2. Sales figures include all Hyundai Motor-built sedan, SUV, and CV vehicles.
Hyundai Motor Company, which was founded in 1967, provides mobility services and a variety of top-of-the-line vehicles in more than 200 nations. In 2019, Hyundai Motor sold more than 4.4 million automobiles worldwide. Approximately 120,000 people work for the company today. The company is expanding its product line with automobiles intended to contribute to the emergence of a more sustainable future while providing ground-breaking answers to contemporary transportation issues. Hyundai wants to support aProgress for Humanity through the process by offering intelligent transportation solutions that foster human connections and give its consumers quality time.
Disclaimer:A Hyundai Motor Company believes that the data shown here is accurate as of the publication date. The company does not guarantee that any material posted will be accurate, but it has the right to add new or updated information as needed.
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California’s FOUNTAIN VALLEY, Jan. 4, 2022 /PRNewswire/ — In comparison to December 2020, Hyundai Motor America reported total December sales of 51,340 units, a 23% decline. Sales in stores fell by 11%.
According to Randy Parker, senior vice president of national sales at Hyundai Motor America, “2021 was an extremely successful year for the Hyundai brand and our retail partners.” “We overcame numerous obstacles to sell the most retail units ever, boosting our retail market share by almost a full percent. We are concentrated on meeting that demand in 2022 and continuing our ascension in the market. Consumer interest in our product portfolio and shopping activity are both still high.”
Q4 Results Hyundai sold 148,169 retail units (-5%) and a total of 152,446 (-15%) units during the fourth quarter.
2021 Final Hyundai sold 738,081 vehicles in total for the year, a 19% increase from 2020 and the third-best year in business history. New annual total sales records were set by Venue (+50%), Kona (+18%), Tucson (+22%), Palisade (+5%), and Nexo (+107%).
Hyundai experienced a 23% increase in retail sales, selling 694,349 retail units, the biggest annual total ever. Sales of Hyundai fleet vehicles fell by 24% in 2021, accounting for 6% of the overall volume.
- Consumer Electronics Show: Hyundai will reveal its future vision for robotics and the metaverse during the company’s CES press conference later today at 3 p.m. PT; watch the livestream here.
- Sales of the IONIQ 5: On the west and east coasts, Hyundai delivered the brand-new, all-electric IONIQ 5 to the first buyers.
- The Santa Fe was chosen as the 2022 Kelley Blue Book Best Buy Award winner in the 2-Row Midsize SUV category.
- Following the recent disasters, Hyundai and its Kentucky dealers pledged gifts totaling $150,000 to help Western Kentucky.
Hyundai Motor Reports Fourth Quarter Business Results for 2020
- Operating income of KRW 1.64 trillion and net income of KRW 1.38 trillion for the fourth quarter.
- 5.6% operational profit margin in the fourth quarter, the highest since the first quarter of 2017
- Hyundai will begin offering financial advice to improve open dialogue with markets.
- In light of COVID-19, the company will continue to increase profitability with new products.
Today, the fourth quarter of 2020’s financial figures for Hyundai Motor Company were released. Revenue for the fourth quarter climbed by 5.1 percent from the previous year to KRW 29.24 trillion.
In the months of October through December, the business sold 1,139,583 units globally, a 4.7 percent decline from the same time last year. Sales outside of Korea fell by 6.6 percent to 935,393 units as global industry demand remained subpar in the majority of markets. Sales in Korea increased by 5% to 204,190 units, driven by the introduction of new models such the Tucson SUV and Elantra sedan. The Genesis luxury brand’s G80 sedan and GV80 SUV also contributed to the uptick in sales.
With an operating profit margin of 5.6 percent, the highest since the first quarter of 2017, Hyundai’s operating profit in the fourth quarter increased 40.9 percent from a year earlier to KRW 1.64 trillion. From KRW 772.1 billion in the same time, net profit (including non-controlling interest) climbed to KRW 1.38 trillion.
Despite a poor economic climate and a negative exchange rate, strong sales of SUV models and Genesis luxury cars, as well as reducing incentives, helped increase revenue in the fourth quarter. Higher revenue was also a result of increased market share in North America, India, and Russia, as well as recovering sales.
Hyundai sold 3,744,737 cars worldwide in 2020, a 15.4% decrease from the previous year. Operating profit fell 22.9 percent to KRW 2.78 trillion, a 1.65 percent decrease from 2019’s revenue of KRW 104 trillion. To KRW 2.12 trillion, net profit (including non-controlling interest) fell 33.5 percent.
Key Figures
In 2021, Hyundai sold 112,071 Santa Fes.
Hyundai sold 101,513 Santa Fes in 2020.
With an increase of 10.4% YoY, they sold 10,558 more units in 2021 compared to 2020.
The MSRP for the Hyundai Santa Fe in 2022 is $27,200. The Hyundai Santa Fe will cost you around $42,660 when fully outfitted.
The 2.5-liter engine in the Front Wheel Drive Hyundai Santa Fe produces 191 horsepower and 181 pound-feet of torque. The Hyundai Santa Fe has an 8-Speed automatic transmission.
Nissan Rogue, Mazda CX-5, and the Honda CR-V are a few vehicles that compete with the Hyundai Santa Fe.
American Hyundai Santa Fe Below are sales statistics broken down by year, quarter, and month. including the most recent Hyundai Santa Fe sales figures. Compare the Hyundai Santa Fe to the competition in the areas of Crossover/SUVS and Midsize Crossover/SUVS.
How many automobiles did Hyundai sell in the US in 2020?
In the United States, Hyundai sales fell by 10% to 622,269 vehicles from 688,771 vehicles sold in 2019.
Hyundai sold a total of 622,269 automobiles during the year, a 10% decrease from 2019. Hyundai SUV sales reached a new yearly high of 402,661 units, a 9% rise. Hyundai sold 565,022 retail units, up 1% over the previous quarter.
The Tucson, Santa Fe, and Elantra were the three Hyundai models that were most in demand in the US in 2020.
How many new automobiles will be sold in 2020?
There were some promising signs from a business perspective; even though vehicle sales are down, average profits per vehicle are up. According to J.D. Power, the average new vehicle retail transaction price in December set a new high of $38,077.
Customers actually pay that amount after accounting for incentives. According to estimates, the average price of trucks is over $40,000.
Nevertheless, the American auto sector is relieved that 2020 is behind us. Sales of new cars in the US decreased 14.6% overall in 2020, reaching just 14.6 million. This represents a decrease from 17.1 million in 2019 and represents the lowest number since the economic recovery from the Great Recession began in 2012.
Light-truck sales plummeted “only” 9.7% in 2020, whereas passenger-car sales fell 27%, an almost three-fold decrease. That’s partly because automakers, particularly those in Detroit, stopped producing numerous passenger car models since there wasn’t enough of a market for them. Moreover, trucks are significantly more financially successful.
Light trucks increased their percentage of U.S. auto sales to a record 75.9% in 2020 from 71.7% in 2019. Just eight years ago in 2012, 53% of all vehicles were trucks.
According to David Christ, group vice president and general manager of the Toyota Division, the U.S. division of Toyota anticipates sales of around 16 million vehicles in 2021. What we anticipate for 2021 is a pretty strong market, said Christ. “We do anticipate further strength in SUVs, pickups, and light trucks overall.”
According to business insiders, Toyota is likewise refusing to abandon the passenger vehicle market in favor of trucks. According to Jack Hollis, senior vice president of automotive operations for the carmaker, “a number of our competitors have chosen to forgo the passenger car consumer.” We will continue to be dedicated to the passenger automobile sector.