Hyundai Motor Company announced its May 2023 global sales of 349,194 units, an 7.8 percent increase year-over-year. Despite the continuing uncertainties in the business environment, the company maintained momentum this year thanks to solid demand.
In May, sales outside Korea increased by 7.7 percent to 280,514 units. The gradual recovery from the global parts shortage and production stabilization have helped the company secure solid performance in North America, Europe and India.
Sales in Korea were up 8.4 percent from a year earlier to 68,680 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 over 11,500 units and Hyundai’s SUV models collectively sold more than 20,254 units.
Hyundai Motor maintained its electric vehicle (EV) sales momentum by selling around 23,000 units around the globe in May. Hyundai’s dedicated battery electric IONIQ models, including IONIQ 5 and IONIQ 6, accounted for nearly 70 percent of its total EV sales.
Sales Results (Units)
| Region | May’23 | May ’22 | Y/y Change | April’22 | M/M Change | 2023 YTD | 2022 YTD | YTD Change |
| Korea | 68,680 | 63,373 | 8.4% | 66,660 | 3.0% | 326,387 | 274,886 | 18.7% |
| Outside of Korea | 280,514 | 260,460 | 7.7% | 268,197 | 4.6% | 1,379,491 | 1,261,514 | 9.4% |
| Global | 349,194 | 323,833 | 7.8% | 334,857 | 4.3% | 1,705,878 | 1,536,400 | 11.0% |