Seoul: Hyundai Motor Co., South Korea's largest car manufacturer, reported a 14 percent decrease in sales for August compared to the same month last year, attributing the decline to partial strikes and a reduced number of working days. The company sold 288,574 vehicles in August, a drop from 336,141 units in the previous year, as stated in a press release.
According to Yonhap News Agency, Hyundai's domestic sales experienced a significant decrease of 41 percent, with only 34,333 units sold, down from 58,330. Overseas sales also saw a decline, falling 8.5 percent to 254,241 units from 277,811. In response to the downturn, Hyundai plans to boost sales by promoting new models, including the New Grandeur sedan and the all-new Avante compact, which they anticipate will enhance their market share throughout the remainder of the year.
From January to August, Hyundai's cumulative sales dropped by 6 percent to 2,575,360 vehicles, compared to 2,738,615 in the same period last year. Domestic sales decreased by 15 percent to 399,159 units from 469,457, while overseas sales fell by 4.1 percent to 2,176,201 from 2,269,158.