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Corporate Information Hyundai Motor Reports 2024 Global Sales and 2025 Targets
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Corporate Information Hyundai Motor Reports 2024 Global Sales and 2025 Targets
Corporate Information Hyundai Motor Reports 2024 Global Sales and 2025 Targets
SEOUL, January 3, 2025 – Hyundai Motor Company (Hyundai Motor) today announced total global sales of 4,141,791 vehicles in 2024, marking a 1.8 percent decrease compared with its 2023 results.
Over the last year, the company sold 3,436,781 vehicles annually outside of Korea, demonstrating nearly flat year-over-year performance, while sales in Korea reached 705,010 units, a 7.5 percent decrease compared to the previous year.
In December 2024, Hyundai Motor sold 330,059 units globally, comprising 268,736 units in overseas markets and 61,323 vehicles in Korea.
Despite continued uncertainties about interest rates and global inflation, as well as slower market expectations in the automotive industry, Hyundai Motor saw strong sales momentum in the North American market. It also strengthened its product mix in global markets through its new models last year.
In 2025, Hyundai Motor is aiming to achieve global sales of 4.17 million units, including its Genesis luxury brand. The company will optimize its product portfolio and vehicle supply management for each region, targeting the sale of 3.46 million units in overseas markets and 710,000 units in Korea.
To achieve this goal, the company will focus on strengthening its market competitiveness by expanding sales of electrified models, including hybrids and battery electric vehicles, and scaling up local production around its global manufacturing facilities.
In addition, Hyundai Motor will enhance its proactive issue management and flexible production system for a variety of models while implementing profitable business operations.
■ 2024 Sales Results (Units)
| Region | Dec. ’24 | Dec. ’23 | Y/y Change | Nov. ’24 | M/m Change | 2024 YTD | 2023 YTD | YTD Change |
| Korea | 61,323 | 62,172 | -1.4% | 63,170 | -2.9% | 705,010 | 762,077 | -7.5% |
| Outside of Korea | 268,736 | 281,002 | -4.4% | 294,865 | -8.9% | 3,436,781 | 3,454,821 | -0.5% |
| Global | 330,059 | 343,174 | -3.8% | 358,035 | -7.8% | 4,141,791 | 4,216,898 | -1.8% |
■ 2025 Sales Targets (Units)
| Subject | 2025 Targets | 2024 Results |
Korea Sales | 710,000 | 705,010 |
| Overseas Sales | 3,464,000 | 3,436,781 |
| Global Sales | 4,174,000 | 4,141,791 |
* Monthly sales figures provided in this press release are unaudited and on a preliminary basis.
1. Sales in Korea is based on retail sales while overseas sales (global sales excluding Korea) is based on wholesales.
2. Sales results include entire sedan, SUV and CV models produced by Hyundai Motor.
3. This press release contains forward-looking statements that are based on current expectations about possible future events. Our actual results may differ due to a variety of factors
Dain Kang
di@hyundai.com
Global PR Strategy & Planning · Hyundai Motor Company
Disclaimer: Hyundai Motor Group believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.
About Hyundai Motor Company
Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision ‘Progress for Humanity,’ Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring about revolutionary mobility solutions, while pursuing open innovation to introduce future mobility services. In pursuit of sustainable future for the world, Hyundai will continue its efforts to introduce zero emission vehicles equipped with industry-leading hydrogen fuel cell and EV technologies.
More information about Hyundai Motor and its products can be found at:
https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai
