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| Nov 1, 2006 |
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Global Sales in Oct Down 13.2 Pct YoY |
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| • Long public holiday dents performance |
| • Jan-Oct global sales of 2,159,476 units up 6.5 pct yoy |
| • Hyundai India passes milestone, exports 300,000th car |
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(Seoul, Korea) Hyundai Motor Co.´s October sales dropped 13.2 percent over the prior month to 229,226 units. Korean sales were down 9.6 percent to 50,705 units as the company's factories and showrooms shut down for nearly a week
due to consecutive public holidays. On a cumulative basis, 467,089 Hyundai vehicles were sold in Korea during the first ten months of this year, for a gain of 4.4 percent over the prior year. Export performance also suffered as 178,521 units were sold overseas in October, a decline of 14.1 percent over September 2006. With a long waiting list of domestic customers for the new Veracruz and a quick ramp up in the production of the new luxury utility vehicle, the domestic sales outlook will be considerably brighter in November and December.
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| Domestic Sedans, SUVs and Minivans |
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October sales of passenger cars were down 9.1 percent to 30,358 units on a monthly basis while sales of SUVs and minivans slipped 7.8 percent to 7,458 units.
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| Domestic Commercial Vehicles |
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Sales of trucks and buses showed the greatest rate of decline, plunging 14.5 percent to 12,799 units. On a cumulative basis, Jan-Oct commercial vehicle sales reached 125,815 units, almost unchanged from the same period last year.
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| Exports |
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Overseas sales, including output at Hyundai´s four overseas manufacturing subsidiaries and exports from Hyundai´s three Korean factories reached 178,521 units in October, equivalent to a 14.1 percent decline over September.
The company´s four overseas manufacturing subsidiaries in India, Turkey, China and the United States continued their brisk sales pace selling 82,081 units in October, almost unchanged from the previous month. Hyundai Motor India passed a major milestone with the export of its 300,000th - setting a new record as the fastest Indian automaker to hit the 300,000 mark in exports. It is a major achievement for the Indian subsidiary whose products are exported to 65 countries around the globe.
October shipments from Hyundai´s three Korean factories totaled 125,296 units, down 23.0 percent over the previous month. The cumulative overseas sales total for the first ten months of the year reached 1,692,387 units, a gain of 7.1 percent over the same period in 2005.
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