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Hyundai's March sales fall 2.2 pct on weak overseas demand

Autos 15:29 April 01, 2019

SEOUL, April 1 (Yonhap) -- Hyundai Motor Co., South Korea's largest carmaker, said Monday its sales fell 2.2 percent last month from a year earlier on weak overseas demand.

Hyundai sold 389,160 vehicles in March, down from 397,747 units a year earlier, the company said in a statement.

Domestic sales rose 3.7 percent to 70,111 units last month from 67,577 a year ago. But overseas sales fell 3.4 percent to 319,049 from 330,170 during the same period, the statement said.

Robust demand for the all-new Santa Fe and Palisade SUVs helped domestic sales last month but weak demand from China and emerging markets, such as Latin America weighed on the results, it said.

To help prop up overseas sales, the maker of the Sonata sedan and Elantra compact plans to launch the flagship Palisade SUV in the United States and other markets this year.

In the January-March quarter, overall sales declined 2.8 percent to 1,020,374 autos from 1,049,389 in the year-ago period, the statement said.

Hyundai's March sales fall 2.2 pct on weak overseas demand - 1


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