In 2020, Hyundai global car sales decreased by 15.4% to 3,74 million vehicles worldwide while sales in Korea increased by 6.2%.
In full-year 2020, Hyundai global car sales decreased by 15.4% to 3,74 million vehicles worldwide. Sales in Korea increased by 6.2% to 787,854 cars while overseas sales were down a fifth to just less than 3 million cars. Hyundai forecasts global sales to increase by 11% to 4,160,000 cars in 2021.
Hyundai Global Car Sales in 2020
Hyundai Motor Company announced its 2020 global sales performance, which recorded a 15.4 percent decline from a year earlier amid the ongoing COVID-19 pandemic. Hyundai global car sales and in Korea in 2020 were as follows:
|2020 YTD||2019 YTD||YTD Change|
Note: Sales in Korea are based on retail sales while overseas sales (global sales excluding Korea) are based on wholesales. Sales results include all sedan, SUV, and CV models produced by Hyundai Motor.
Led by the popularity of SUV models and eco-friendly line-up, sales in the Korean market increased 6.2 percent to 787,854 units while those out of Korea dropped 19.8 percent as the sluggish economic activities dented auto demand in most of regions.
In the USA, Hyundai sold 622,269 total vehicles in 2020, a 10% decline compared with 2019.
Hyundai Forecast and Sales Target 2021
Hyundai’s global and Korean car sales targets for 2021 are as follows:
|2021 Plan||2020 Result||Y/Y|
While competition in global automotive markets gets ever fiercer this year amid recovering auto demand worldwide, Hyundai aims to sell 4.16 million units globally in 2021 with optimized business strategies by each region. The company targets to sell 741,500 units in Korea and 3.41 million units in overseas markets.
Hyundai plans to solidify its global position in the eco-friendly mobility market with the launch of upcoming IONIQ 5—its first dedicated BEV model.
Global Worldwide Car Sales by Brand in 2020 (Full Year)
Global worldwide car sales by brand in 2020 (Full Year):
- BMW (including Mini & Rolls Royce)
- Daihatsu (see Toyota)
- Lexus (see Toyota)
- Mercedes-Benz (including Smart)
- PSA Group (Peugeot, Citroen, DS, Opel / Vauxhall)
- Renault Group (including Dacia)
- Toyota (including Lexus, Daihatsu, Hino)
- Volkswagen (VW Car Brand)
- Volkswagen Commercial Vehicles (VWCV)
- Volkswagen Group
“Sales” as reported by brands generally refer to deliveries and not necessarily sales to the customer and final registration. Terms and definitions may vary.
About Hyundai Motor Company
Established in 1967, Hyundai Motor Company offers a range of world-class vehicles and mobility services in more than 200 countries. Hyundai Motor sold more than 4.4 million vehicles globally in 2019, and currently employs some 120,000 personnel worldwide. The company is enhancing its product lineup with vehicles designed to help usher in a more sustainable future, while offering innovative solutions to real-world mobility challenges. Through the process Hyundai aims to facilitate ‘Progress for Humanity’ with smart mobility solutions that vitalize connections between people and provide quality time to its customers.