2021 (Full Year) Global: Hyundai Worldwide Car Sales and 2022 Forecast

In 2021, Hyundai global car sales increased by 3.9% to 3,89 million vehicles worldwide with a further 11% expansion forecasted for 2022.

In 2021, Hyundai global car sales increased by 3.9% to 3,89 million vehicles worldwide with a further 11% expansion forecasted for 2022.

Hyundai Motor Company’s global sales increased by 3.9 percent in 2021 despite the ongoing pandemic and supply chain issues. Worldwide sales outside of Korea rose 7 percent to 3,164,143 vehicles largely due to the popularity of SUV models and growing eco-friendly vehicle lineup. Sales in Korea declined 7.7 percent to 726,838 units amid the semiconductor shortage that has affected the global automotive industry.

Hyundai Global Car Sales in 2021

Hyundai global car sales and in Korea in 2021 were as follows:

Region20212020YTD Change
Korea Sales726,838787,854-7.7%
Overseas Sales3,164,1432,956,8837.0%
Global Sales3,890,9813,744,7373.9%

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.

In 2021, Hyundai was able to jump-start its transition into electrification thanks to the successful launch of IONIQ 5, the first dedicated battery electric vehicle. The company’s positive sales results stemmed from strategic supply chain management despite the challenging business environment caused by the ongoing pandemic, semiconductor supply issue, and fluctuation of raw material prices.

Hyundai Forecast and Sales Target 2022

Hyundai’s global and Korean car sales targets for 2022 are as follows:

Subject2022 Target2021 ResultY/y
Korea Sales732,000726,8380.7%
Overseas Sales3,591,0003,164,14313.5%
Global Sales4,323,0003,890,98111.1%

With auto demand expected to recover worldwide in 2022 amid growing competition in the industry, Hyundai aims to sell 4.32 million units around the globe with optimized business strategies tailored for each region. The company aims to sell 3.59 million units in overseas markets and 732,000 units in Korea.

If the 2022 global sales target is reached, Hyundai worldwide sales would still be lower than the 4,425,528 cars sold globally in 2019.

The company will continue implementing diverse measures to take care of its customers and to offer the world’s best products to meet their needs. Furthermore, the company plans to solidify its global leadership in the eco-friendly mobility market through the launch of upcoming IONIQ dedicated EV models and electrified GV70 of Genesis luxury brand.

Global Worldwide Car Sales by Brand in 2021 (Full Year)

Global worldwide sales by brand in 2021:

“Sales” as reported by the various brands generally refer to deliveries and not necessarily sales to the customer or 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.

About the author:

Henk Bekker

Henk Bekker is a freelance writer with over 20 years of experience in online writing. His best-selling cars website has been reporting car sales statistics since 2008 with classic car auction prices focusing on the most expensive automobiles sold at public auctions in the past decade. He also owns the travel websites European-Traveler.com and Lake Geneva Switzerland. Henk holds an MBA from Edinburgh Business School and an MSc in Finance from the University of London.