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Hyundai's Nov. sales fall 4.2 pct on weak China sales

Industry 15:50 December 03, 2018

SEOUL, Dec. 3 (Yonhap) -- Hyundai Motor Co., South Korea's largest carmaker by sales, said Monday its November sales fell 4.2 percent from a year earlier on weak overseas demand.

Hyundai sold 403,381 vehicles last month, down from 421,110 units a year earlier, the company said in a statement.

Domestic sales rose 0.4 percent to 64,131 units last month from 63,895 a year ago. Overseas demand fell 5.0 percent to 339,250 from 357,215 during the same period, the carmaker said.

"Lower vehicle demand from China and the United States, due to trade disputes between them, and economic uncertainties in emerging markets, such as Turkey, weighed on the monthly sales results," the statement said.

To boost sales, Hyundai launched the all-new Santa Fe sport utility vehicle and the facelifted Tucson SUV in the United States and other markets this summer. But the SUV models have yet to translate into solid sales boosts for the company.

In the January-November period, sales climbed 1.9 percent to 4.18 million autos from 4.1 million units a year earlier.

Hyundai's Nov. sales fall 4.2 pct on weak China sales - 1

kyongae.choi@yna.co.kr
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