South Korea's top five vehicle manufacturers: Sales in June 2023 are encouraging, with Hyundai and Kia leading the way

Recently, South Korea’s top five automakers released sales data for June 2023. Data show that the total sales of Korean cars in domestic and foreign markets (including complete bulk and assembled) have reached 741,716 units, a year-on-year increase of 9.8%.

Hyundai Motor’s sales performance in June 2023 was relatively outstanding. Its total domestic and overseas sales increased by 9.5% to 375,113 vehicles. Among them, 70,163 units were sold in the domestic market, a year-on-year increase of 17.9%; 304,950 units were sold in overseas markets, a year-on-year increase of 7.7%. At the same time, in June 2023, Kia Motors' sales were also excellent, reaching 278,256 vehicles. The cumulative sales volume in the first half of the year hit a record high, reaching 1.57592 million units, and set new highest sales records in China, the United States, Europe and India.

According to the editor’s understanding, statistics from relevant survey agencies show that although Hyundai and Kia’s performance in the Chinese market is not satisfactory, it is still popular with consumers in overseas markets. , and occupy a large market share. According to data, global sales of Hyundai and Kia have increased in 2022, from 6.67 million vehicles to 6.88 million vehicles, ranking the third largest automobile company in the world, second only to Toyota (10.48 million vehicles) and Volkswagen (8.30 million vehicles). million units), the gap with Renault-Nissan Alliance (6.16 million units) and General Motors (5.94 million units) seems to be widening. Hyundai and Kia's global sales target for 2023 is 7.52 million vehicles.

All in all, by June 2023, South Korea’s top five automakers had achieved eye-catching sales results. Although their performance in the Chinese market needs to be improved, in overseas markets, Hyundai and Kia still maintain strong competitiveness and have achieved considerable sales and market share. Hyundai and Kia will further expand their market presence by raising global sales targets.

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