DOMESTIC SALES INCREASED IN MAY

June 4, 2002 - In May, Hyundai Motor has sold 75,575 units in domestic market – up 3.1 percent from the previous month and up 18.1 percent from May 2001. Export shipments also were up 3.1 percent from the previous month and down 5.8 percent from May 2001 with the total sales of 81,677.

The total domestic sales of 338,684 until the end of May were up 20.1 percent on the same period of the last year when 282,096 vehicles were sold. Exports also showed a slight increase of just 1.5 percent with shipments of 383,080 compared to 377,488 of the last year.

Big Surge in Domestic Market
The dramatic increase in domestic market was due to some positive factors such as low interest rates, resurgent consumer sentiment, special consumption tax cuts and the popularity of large-sized and sport utility vehicles. What is notable also is that the high end cars such as Grandeur XG and Equus were sold in record breaking number at home with 6,578 and 1,639 sold respectively.

The 3.1 percent increase in export this month was largely due to the brisk sales of Santa Fe in North America and growing sales of Matrix in Europe.

For further information please contact the HMC Overseas Public Relations Team. Jake Jang, Manager, tel. (82) 2 3464 2527 or e-mail projjk@hyundai-motor.com , Sang W. Park (82) 2 3464 2548 or e-mail swpark@hyundai-motor.com

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