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Hyundai Motor's March sales dip 6.3 pct on weak exports

All News 16:13 April 03, 2017

SEOUL, March 3 (Yonhap) -- Hyundai Motor Co., the country's top automaker, posted a 6.3 percent on-year decline in March sales due to low demand from emerging markets, the company said Monday.

Hyundai Motor sold a total of 405,929 vehicles in March, down from 433,171 units a year earlier, the country's top carmaker said in a statement.

"As the company expects slowing (sales) growth in advanced markets and is not sure about an (immediate) rebound in sales in emerging markets, it will strengthen its fundamentals and actively cope with the ongoing low-growth era," the statement said without elaborating.

Domestic sales rose 2.6 percent on-year to 63,765 units last month, and exports fell 7.8 percent to 342,164 over the cited period, it said.

In the January-March quarter, overall sales fell 1.6 percent on-year to 1.09 million units, according to sales data released by the company.

Domestic sales for the first three months climbed 0.7 percent on-year to 161,978 from 160,862, while exports declined 2.0 percent to 927,944, the data said.


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