Hyundai Motor Company (Hyundai and Genesis brands) reports that its global vehicle sales in September amounted to 357,151 units, which is basically on par with last year’s result (down 0.1 percent). During the first nine months of 2023, the company sold 3,127,001 vehicles (up 7.7 percent year-over-year).<\/p>\n
The South Korean manufacturer says also that its all-electric vehicle sales during the month amounted to around 18,000 units, “proving that the company is solidifying its EV leadership in the global market.”<\/p>\n
Well, while it’s not a bad result, it seems to be slightly lower than a year ago, which is a bit surprising (potentially it’s just a temporary slowdown).<\/p>\n
Last month, the combined wholesale shipments (closely related to production) of Hyundai and Genesis plug-in cars, amounted to *21,639 (down five percent year-over-year). We estimate that it is around 6.1 percent of the automaker’s total sales volume (compared to 6.4 percent a year ago).<\/p>\n
*Retail sales in South Korea plus wholesale sales (manufacturer level) outside South Korea, unaudited and on a preliminary basis. **The Hyundai sales report includes sales numbers from the plants in South Korea, Europe (Kona Electric and Tucson PHEV), Indonesia (Ioniq 5), and plants in China and India (both small numbers), as well as in the United States.<\/em><\/p>\n The data indicates that all-electric car volume decreased by seven percent year-over-year to 17,563. This drop concerns both the Hyundai brand (down three percent) and the Genesis brand (down 41 percent). Plug-in hybrid car volume improved by five percent year-over-year to 4,076.<\/p>\n It’s worth noting a progressing collapse of the hydrogen fuel cell Nexo model sales, which in September was down by almost 80 percent year-over-year.<\/p>\n Wholesale plug-in car sales last month (YOY change):<\/p>\n
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Hyundai BEVs: 16,433 (down 3%)
Genesis BEVs: 1,130 (down 41%)<\/li>\n