Hyundai Posts 18.7 Pct Rise in 1Q Worldwide Sales

  • Overseas sales rise 27.5 Pct
  • Domestic Sales Remain Sluggish

SEOUL, Korea, Apr. 1, 2005 - Hyundai Motor Co. sold 583,463 vehicles on a worldwide basis during the first quarter of this year, showing a 18.7 percent growth over the same period last year. Export shipments from Hyundai’s Korean factories and production in overseas plants were brisk while domestic sales remained in the doldrums.

Overseas shipments from Hyundai’s three Korean factories reached 325,238 units in the first quarter, up 18.7 percent y-o-y while sales from the India, Chinese and Turkish plants reached 139,036 units for the same period, up 54.5 percent. Total overseas sales touched 464,274 units, up 27.5 percent.

Fueled by strong demand for the all-new Sonata, Hyundai’s domestic passenger car sales showed a 5.1 percent rise for the quarter, reaching 63,012 units. However, the sales of sport utility vehicles and vans were sluggish contracting by 24.8 percent for the quarter to 21,358 units.

Korean sales of commercial vehicles reached 34,819 units during the first three months of the year, down by 10.8 percent.

The first quarter saw combined domestic sales of passenger and commercial vehicles contract by 6.4 percent y-o-y to 119,189 units.

Established in 1967, Hyundai Motor Co. has grown into the Hyundai Kia Automotive Group which includes over two dozen auto-related subsidiaries and affiliates. Employing over 50,000 people worldwide, Hyundai Motor posted US$26.1 billion in sales in 2004 (on a non-consolidated basis). Hyundai motor vehicles are sold in 193 countries through some 5000 dealerships and showrooms. Hyundai Motor Co. is a sponsor of the 2006 FIFA Germany World Cup. Further information about Hyundai Motor Co. and its products is available at http://www.hyundai-motor.com/

# # #