Hyundai Motor Reports March 2023 Global Sales

Hyundai Motor Company today announced its March 2023 global sales of 381,885 units, a 21.3 percent increase year-over-year. Despite the continued uncertainties in the business environment, the company maintained its sales momentum due largely to strong demand. In March, sales outside Korea increased by 17.4 percent to 307,356 units.

Sales in Korea were up 40.9 percent from a year earlier to 72,529 units with the introduction of new models, including the all-new Grandeur (badged as Azera outside of Korea) and strong demand for SUV models. In Korea, the Grandeur sold nearly 11,000 units and Hyundai’s SUV models collectively sold more than 23,000 units.

Hyundai Motor maintained its electric vehicle (EV) sales momentum by selling over 24,000 units in March, led by IONIQ 5 and IONIQ 6, which accounted for more than half of the total EV sales.

Y/y ChangeFebruary
M/M Change2023
2022 YTDYTD Change
Korea 74,529 52,883 40.9%65,015 14.6%191,047 152,098 25.6%
Outside ofKorea307,356 261,821 17.4%263,293 16.7%829,269 750,593 10.5%
Global381,885 314,704 21.3%328,308 16.3%1,020,316 902,691 13.0%