Seoul: Hyundai Motor Co. announced on Monday that its global sales saw a decline in July, attributed to production disruptions from partial strikes and a drop in consumer demand. The South Korean automotive giant reported sales of 318,454 vehicles globally for the month, a 5.1 percent decrease compared to the same period last year.

According to Yonhap News Agency, the company's overseas sales experienced a 3.2 percent year-on-year drop, totaling 270,341 units. Meanwhile, domestic sales witnessed a more significant decline of 14.4 percent, with only 48,113 units sold. This downturn marks the tenth consecutive month of declining global sales for Hyundai Motor.

The automaker identified the reasons for the slump as production interruptions due to a partial labor strike in July and a market tendency for customers to delay purchases in anticipation of new model releases. Hyundai is optimistic about a sales rebound in the latter half of the year, with the introduction of new models, including the highly anticipated Avante compact.