Hyundai's Sales Double On-Year

  • By Yoon Hyung-jun

    May 04, 2021 12:14

    Hyundai's global sales doubled in April compared to a year ago, though that was mainly because they plunged during the same month last year as the coronavirus pandemic struck.

    Hyundai said Monday that sales surged 106 percent on-year in April to 345,777 cars -- 70,219 cars here and 275,558 cars overseas.

    "Sales in most parts of the world were lackluster in April due to the pandemic, but a distinct recovery is becoming apparent in North America resulting in a sharp rebound in earnings."

    Affiliate Kia's sales also jumped 78 percent on-year to 275,558 cars, with overseas sales growth of 120.9 percent outpacing domestic growth of 1.5 percent.

    But a worsening shortage of automotive semiconductors casts dark clouds over future prospects. In April, only sales of Hyundai's Kona and Ionic 5, which are low-volume sellers, were blighted by the shortage.

    But in May, it is expected to suffer declining output of its bestselling Porter pickup truck. The automaker said Monday that production lines at its plant in Ulsan manufacturing the trucks will be halted from Wednesday to Friday.

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