Hyundai Motor logs record sales for two straight years on SUVs, hybrids

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Hyundai Motor logs record sales for two straight years on SUVs, hybrids - Korea Economic Daily

Quick Summary:

In the fourth quarter, its global sales increased by 21% on-year to 209,641 units, including 145,732 hybrids and 53,035 EVs, as the automaker strengthened its hybrid lineup and increased SUV hybrids, particularly in the North American market.“Although the market’s volatility has increased due to the rapidly changing external environment, we continued to grow globally on higher sales in North America, led by hybrids,” said a Hyundai Motor official.

South Korea’s top automaker Hyundai Motor Co.on Thursday posted its largest-ever sales for a second consecutive year, driven by robust sales of pricey cars under the Genesis brand, sport utility vehicles and eco-friendly cars.

The flagship unit of Hyundai Motor Group said in a regulatory filing that its sales revenue in 2024 reached a record 175.23 trillion won ($122 billion), up 7.7% from 162.66 trillion won a year earlier.