HYUNDAI MOTOR CO.'S NOVEMBER SALES RISE 8.9 PERCENT YEAR OVER YEAR

SEOUL, Korea, Dec. 2, 2002 - Hyundai Motor Co.'s November posted domestic and overseas sales of 157,198 units equivalent to a y-o-y growth rate of 8.9 percent. Exports for the month jumped 15.8 percent to 97,658 units while domestic sales slipped by 0.8 percent 59,540 units.

Month-over-month, domestic sales fell by 12.0 percent to 59,540 units while exports slipped 6.7 percent to 97,658 units. The declines are attributed to brief work stoppages in November which led to production losses and the company's inability to meet delivery commitments on some orders.

In cumulative terms, total sales for the Jan.-Nov. period this year reached 1,593,845 units, a y-o-y improvement of 6.4 percent. Korean sales for the period posted 6.8 percent growth or 709,776 units while overseas sales rose by 6.1 percent to 884,069 units.

In the passenger car segment, the EF Sonata continued its rule as Korea's best-selling car with unit sales of 8,563 units. There was also continued strong domestic demand for the Grandeur XG and Equus luxury sedans. XG sales grew 16.1 percent y-o-y to 4,903 units while Equus sales jumped 22.6 percent to 1,491 units during the same period.

In the sport utility segment, domestic sales of the popular Santa Fe showed no signs of abating as 6,061 units were sold in November equivalent to a y-o-y increase of 7.7 percent.

Bus sales jumped by 5.6 percent y-o-y to 8,484 units while truck sales declined 2.8 percent to 11,574 units although large truck sales jumped 46.5 percent to 605 units due to the continuing construction boom.

For further details please contact the Hyundai Motor Global Public Relations Team. Oles Gadacz, Director, Tel: (82) 2 3464-2154 or e-mail oles_gadacz@hyundai-motor.com or Jake Jang, Manager, Tel: (82) 2 3464-2117 or e-mail projjk@hyundai-motor.com or Sang Woo (William) Park, Assistant Manager, Tel: (82) 2 3464-2118 or e-mail swpark@hyundai-motor.com.

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