Hyundai Motor Sales Fall, Kia's Rise ... October Results Diverge (Comprehensive)

Hyundai Motor sales fell 6.3% to 329,773 vehicles
Kia sales rose 10.3% to 291,219 vehicles

Hyundai Motor and Kia posted mixed global vehicle sales results last month.

Hyundai Motor and Kia's Yangjae headquarters. Hyundai Motor and Kia

Hyundai Motor said on Nov. 2 that it sold a total of 329,773 vehicles worldwide in October, down 6.3% from the same month last year, including 49,042 units in South Korea and 280,731 overseas. Compared with the same period last year, domestic sales fell 8.9% and overseas sales fell 5.9%.

Kia sold 291,219 vehicles over the same period, up 10.3% year over year, including 51,007 units in South Korea, 239,308 overseas and 904 special-purpose vehicles. Excluding special-purpose vehicle sales, domestic sales rose 27.5% and overseas sales rose 7.2% from the same period last year.

By model, Hyundai Motor's domestic sedan sales totaled 17,228 units, including 6,989 Grandeurs, 5,730 Avantes and 3,894 Sonatas.

Hyundai Motor sold a total of 15,673 RVs, including 3,322 Palisades, 2,605 Konas and 2,469 Santa Fes.

Sales of small commercial vehicles totaled 7,689 units, including 3,967 Porters and 3,582 Starias. Medium- and large-sized buses and trucks totaled 2,510 units.

Hyundai Motor's luxury brand Genesis sold a total of 5,942 vehicles, including 2,124 G80s, 1,814 GV80s and 1,463 GV70s.

A Hyundai Motor official said, "We will respond flexibly to changing demand based on a diverse powertrain lineup and a product portfolio optimized for local market conditions." The official added, "We will strengthen our competitiveness over the medium to long term by improving production efficiency and expanding sales of new models, including the Tucson and GV80 Hybrid."

The Kia model that sold the most in South Korea last month was the Sportage, with 7,708 units sold. Passenger car sales totaled 11,116 units, including 4,497 Rays, 2,683 K5s and 1,495 Mornings.

Kia sold a total of 34,373 RVs, including 7,708 Sportages, 6,784 Sorentos, 5,570 Carnivals and 4,816 Seltoses.

Commercial vehicle sales totaled 5,518 units, including 2,704 Bongo IIIs and 2,688 PV5s.

By model, the Sportage was Kia's top-selling model overseas, with 49,103 units sold, followed by the Seltos with 33,552 and the K4 with 18,720.

A Kia official said, "Our sales have continued to grow year over year for eight consecutive months, thanks to sales strategies tailored to regional demand." The official added, "We will sustain sales growth momentum in the remaining fourth quarter, focusing on hybrid vehicles in the United States and electrified vehicles, including EVs, in Europe."

This content was produced with the assistance of AI translation services.