Hyundai sells 4.141-M cars globally in 2024

MANILA: Hyundai Motor has managed to sell a total of 4.141 million cars around the world in 2024. 

The aforementioned figure is equivalent to a 1.8 percent year-on-year decline compared to the South Korean marque’s global sales performance in 2023. 

To further break down its global sales performance last year, the brand also reported that it sold 3.436 million cars outside of its home country. Hyundai’s 2024 total sales figure for the Korean market, on the other hand, reached 705,010 units. 

For December 2024 alone, the South Korean car maker has tallied a global sales figure of 330,059. Out of the said number, 268,736 units were sold overseas, and 61,323 units were sold in its home country. 

Here is a table showing Hyundai’s sales results for 2024: 

	December 2024	November 2024	2024	2023	Year-on-year change
Korea	61,323	63,170	705,010	762,077	-7.5 percent
Outside of Korea	268,736	294,865	3,436,781	3,434,821	-0.5 percent
Global	330,059	358,035	4,141,791	4,216,898	-1.8 percent

Per Hyundai, the slight decline in its global sales was linked to “uncertainties” with regard to global inflation and interest rates. The company also cited “slower market expectations” within the automotive industry. Despite the challenges, the automaker saw strong sales momentum in North America. 

Similar to its sister brand, Kia, Hyundai also disclosed its sales target for 2025. Specifically, it is looking to achieve a global sales figure of 4.17 million units. To accomplish the said goal, it is looking to optimize its model lineup, as well as its supply chain, for every region it is currently covering. 

Last year, Hyundai also achieved a list of significant milestones, the biggest of which was the rollout of its 100-millionth vehicle from its Ulsan plant. Additionally, the brand’s valuation also climbed to $23 billion (around P1.377 trillion) last year. 

Locally, Hyundai Motor Philippines Incorporated also expanded its lineup with the local introduction of the Tucson hybrid version, the all-new Santa Fe, and the Ioniq 5 and Elantra N versions.  

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