Hyundai Motor Sells 312,602 Units in November... Semiconductor Impact Continues

17% Decrease Compared to Same Month Last Year "Minimizing Supply Impact by Adjusting Production Schedule"

[Image source=Yonhap News]

[Asia Economy Reporter Yu Je-hoon] Hyundai Motor Company announced on the 1st that it sold a total of 312,602 units domestically in November. This figure represents a 17.1% decrease compared to the same month last year.

Domestic market sales amounted to 62,071 units, down 11.4%. In the Recreational Vehicle (RV) segment, a total of 20,106 units were sold, including the Palisade (4,503 units), Casper (3,965 units), Tucson (3,861 units), Santa Fe (2,895 units), and Ioniq 5 (2,228 units). In the sedan segment, a total of 17,551 units were sold, including the Grandeur (6,918 units), Sonata (5,179 units), and Avante (5,441 units).

The premium brand Genesis sold a total of 11,756 units, including the G80 (3,946 units), GV70 (3,379 units), GV80 (3,223 units), and GV60 (406 units).

Additionally, overseas sales decreased by 18.4% to 250,531 units. The semiconductor supply shortage, which has severely impacted the global automobile industry, is cited as the cause of this sales decline.

A Hyundai Motor official stated, "Although management uncertainty continues due to semiconductor supply disruptions and the resurgence of COVID-19, we will minimize the impact on supply by adjusting production schedules to prioritize models that can be delivered quickly." He added, "Since last September, vehicle production has been on the rise."