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| Aug 1, 2006 |
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Hyundai´s July Sales Slip |
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• Labor dispute takes toll on July sales
• Jan-Jul worldwide sales of 1,451,352 units up 2.5 pct yoy |
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| (Seoul, Korea) Slowdowns and work stoppages in July at Hyundai Motor Co.´s Korean plants drove down sales to their lowest this year. However, with 1,451,352 units sold worldwide in the first seven months of this year, the company is 2.5 percent ahead of last year´s comparable period. Total July sales amounted to just 128,489 units with 28,097 units delivered to Korean customers as supplies of new vehicles dried up. |
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| Domestic Sedans, SUVs and Minivans |
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| The company´s sedan sales in the Korean market dropped by 40.9 percent m-o-m to 14,416 units with Grandeur/Azera claiming the top sales spot. Sales of SUVs and minivans posted a 39.8 percent drop to 6,458 units due to depleted inventories. Sales of sedans, SUVs and passenger minivans combined declined by 40.5 percent m-o-m to 20,874 units. |
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| Domestic Commercial Vehicles |
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| The picture was just as gloomy in the domestic commercial vehicle sales where sales plummeted by 51.1 percent to 7,223 units. |
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| Export Sales |
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| July exports and overseas sales reached a total of 100,392 units, down sharply from the previous month´s 173,060 units. The company´s overseas plants in India, China, Turkey and the United States posted sales of 70,037 units in July, up 1.3 percent m-o-m. Shipments from Hyundai´s three Korean factories amounted to 30,355 units in July, a dramatic plunge from 103,952 units seen in the previous month. Jan-July exports from Korean factories total 653,524 units, down 15.9 percent over the same period last year. Every effort will be made to catch up on lost production now that the new labor contract has been ratified by the union. Production workers will return to their jobs August 7th after the week-long summer shutdown of the plants. |
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