Hyundai Motor Reports April 2018 Global Sales

Hyundai Motor Reports April 2018 Global Sales

The FINANCIAL -- Hyundai Motor Company, South Korea's largest automaker, on May 9 announced its global sales results for April 2018, posting a total of 391,197 units sold, up 11.1 percent from a year earlier.

The highest growth since December 2014 was led by strong sales of new SUV models - the all-new Santa Fe and Kona – while a recent sales rebound in the Chinese market also largely contributed to the growth.

Sales in overseas market totaled 327,409 units, representing an increase of 12.2 percent year-over-year. Sales increased significantly as the company’s popular subcompact SUV Kona expanded to key markets and demand remained strong in emerging markets such as Brazil, Russia and India, according to Hyundai.

Sales in the Korean market increased by 5.7 percent compared to the same period of the previous year, recording 63,788 units sold. The all-new Santa Fe became the best-selling model in Korea for the second consecutive month, posting 11,837 units sold.

Hyundai Motor plans to maximize profitability by continuing its SUV sales momentum globally.