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Hyundai's Dec. sales rise 0.4 pct on weak overseas demand

All Headlines 15:57 January 02, 2019

SEOUL, Jan. 2 (Yonhap) -- Hyundai Motor Co., South Korea's largest carmaker by sales, said Wednesday its December sales rose 0.4 percent from a year earlier on weak overseas demand.

Hyundai sold 410,326 vehicles last month, up from 408,637 units a year earlier, the company said in a statement.

Domestic sales jumped 22 percent to 64,835 units last month from 53,361 a year ago. Overseas sales fell 2.8 percent to 345,491 from 355,276 during the same period, the carmaker said.

The slowing global economy and lower vehicle demand from China and the United States, the world's two biggest auto markets, restricted monthly sales results, it said.

To boost sales, Hyundai launched the all-new Santa Fe SUV and the face-lifted Tucson SUV in the United States and other markets last year. But the SUV models did not greatly boost overall demand for the carmaker.

For all of 2018, sales gained 1.8 percent to 4.59 million autos from 4.51 million units a year earlier.

Hyundai's Dec. sales rise 0.4 pct on weak overseas demand - 1

kyongae.choi@yna.co.kr
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