Hyundai sales in May fall sharply year-on-year due to COVID-19

Hyundai Nexo images

South Korea’s Hyundai Motors stated on Monday its provisional May sales dropped 39% year-on-year to 217,510 vehicles worldwide, as the coronavirus outbreak continued to damage demand in key markets. Sales however increased 30% from 167,693 vehicles in April. Its domestic sales increased 5% year-on-year, led by popular models such as the Grandeur sedan and new models […]

Hyundai sees limited China recovery and weak sales elsewhere this year

Hyundai Genesis GV80

South Korea’s Hyundai Motor stated on Thursday it expects only a modest recovery in Chinese auto demand and weak sales elsewhere this year after the coronavirus pandemic resulted in first-quarter vehicle sales to drop 18%. Hyundai, which with Kia Motors forms the world’s No.5 automotive group, joins an increasing number of automakers forecasting a bleak […]