HYUNDAI'S 2005 GLOBAL SALES UP 11%
03-08-2006, 10:30 AM
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HYUNDAI'S 2005 GLOBAL SALES UP 11%
HYUNDAI'S 2005 GLOBAL SALES UP 11&
Overseas Sales Rise 13 Pct Y-o-Y
Domestic Sales Up 3.7 Pct
Elantra Emerges as Hyundai's Best-Selling Car Worldwide
(Seoul, Korea) Jan. 3, 2006 - It was another record-setting year for Hyundai Motor Co. as worldwide sales reached 2,533,695 units, an 11 percent increase over 2004. Overseas sales (comprised of exports from Hyundai's three Korean plants and output of overseas manufacturing subsidiaries) rose by 13.3 percent to 1,962,881 units while domestic sales rose 3.7 percent to 570,814 units. The Elantra claimed the title of Hyundai's best-selling car worldwide, followed by the Accent, Getz, Sonata and Tucson.
Domestic Passenger Cars, Minivans & SUVs
Led by the new Sonata, domestic sales of passenger cars were up 22.4 percent to 304,745 units. However, sales of minivans and SUVs dipped by 22.1 percent y-o-y to 110,592 units though demand for the all-new Santa Fe remained brisk with over 9,000 units delivered to Korean customers in December. Combined 2005 sales of passenger cars, SUVs and minivans reached 415,337 units, up 6.3 percent y-o-y.
Domestic Commercial Vehicles
A strong fourth quarter performance and improved outlook in Korea's economic fundamentals were not enough to reverse the sliding sales and buses and trucks. Bus sales dipped 12.5 percent y-o-y to 54,436 units while truck were down 3.8 percent to 101,041 units. Total domestic commercial vehicle sales reached 155,477 units, equivalent to a 2.5 percent decline over the previous year.
Overseas Sales
Hyundai's three Korean factories shipped 1,292,311 units (including knock-down kits) overseas in 2005, equivalent to a 0.6 percent y-o-y increase. Hyundai's overseas manufacturing operations in India, Turkey, China and the United States sold 670,570 units, up 49.7percent y-o-y.
2006 Target
Hyundai has set as its 2006 target worldwide sales of 2.68 million units (excluding exports of CKD kits). Overseas manufacturing subsidiaries will see output rise to 922,000 units while Korean plants will export 1,137,000 units. Domestic sales are forecast to rise to 630,000 units.
Hyundai's research and development expenditures will grow to 1.95 trillion won (US$2.05 billion), up from 1.71 trillion won spent in 2005. With expansion projects underway at manufacturing facilities in India and China and construction of a new European plant slated to start later in 2006, Hyundai's facility investments are set to rise to 1.49 trillion won (US$1.57 billion), up from 980 billion won last year.
Established in 1967, Hyundai Motor Co. has grown into the Hyundai Kia Automotive Group which includes Hyundai Mobis and over two dozen auto-related subsidiaries and affiliates. Employing over 68,000 people worldwide, Hyundai Motor posted US$26.1 billion in sales in 2004 (on a non-consolidated basis). Hyundai motor vehicles are sold in 193 countries through some 5000 dealerships and showrooms. Hyundai Motor Co. is a sponsor of the 2006 FIFA Germany World Cup. Further information about Hyundai Motor Co. and its products is available at http://www.hyundai-motor.com
Overseas Sales Rise 13 Pct Y-o-Y
Domestic Sales Up 3.7 Pct
Elantra Emerges as Hyundai's Best-Selling Car Worldwide
(Seoul, Korea) Jan. 3, 2006 - It was another record-setting year for Hyundai Motor Co. as worldwide sales reached 2,533,695 units, an 11 percent increase over 2004. Overseas sales (comprised of exports from Hyundai's three Korean plants and output of overseas manufacturing subsidiaries) rose by 13.3 percent to 1,962,881 units while domestic sales rose 3.7 percent to 570,814 units. The Elantra claimed the title of Hyundai's best-selling car worldwide, followed by the Accent, Getz, Sonata and Tucson.
Domestic Passenger Cars, Minivans & SUVs
Led by the new Sonata, domestic sales of passenger cars were up 22.4 percent to 304,745 units. However, sales of minivans and SUVs dipped by 22.1 percent y-o-y to 110,592 units though demand for the all-new Santa Fe remained brisk with over 9,000 units delivered to Korean customers in December. Combined 2005 sales of passenger cars, SUVs and minivans reached 415,337 units, up 6.3 percent y-o-y.
Domestic Commercial Vehicles
A strong fourth quarter performance and improved outlook in Korea's economic fundamentals were not enough to reverse the sliding sales and buses and trucks. Bus sales dipped 12.5 percent y-o-y to 54,436 units while truck were down 3.8 percent to 101,041 units. Total domestic commercial vehicle sales reached 155,477 units, equivalent to a 2.5 percent decline over the previous year.
Overseas Sales
Hyundai's three Korean factories shipped 1,292,311 units (including knock-down kits) overseas in 2005, equivalent to a 0.6 percent y-o-y increase. Hyundai's overseas manufacturing operations in India, Turkey, China and the United States sold 670,570 units, up 49.7percent y-o-y.
2006 Target
Hyundai has set as its 2006 target worldwide sales of 2.68 million units (excluding exports of CKD kits). Overseas manufacturing subsidiaries will see output rise to 922,000 units while Korean plants will export 1,137,000 units. Domestic sales are forecast to rise to 630,000 units.
Hyundai's research and development expenditures will grow to 1.95 trillion won (US$2.05 billion), up from 1.71 trillion won spent in 2005. With expansion projects underway at manufacturing facilities in India and China and construction of a new European plant slated to start later in 2006, Hyundai's facility investments are set to rise to 1.49 trillion won (US$1.57 billion), up from 980 billion won last year.
Established in 1967, Hyundai Motor Co. has grown into the Hyundai Kia Automotive Group which includes Hyundai Mobis and over two dozen auto-related subsidiaries and affiliates. Employing over 68,000 people worldwide, Hyundai Motor posted US$26.1 billion in sales in 2004 (on a non-consolidated basis). Hyundai motor vehicles are sold in 193 countries through some 5000 dealerships and showrooms. Hyundai Motor Co. is a sponsor of the 2006 FIFA Germany World Cup. Further information about Hyundai Motor Co. and its products is available at http://www.hyundai-motor.com
