Chip shortages persist, Hyundai’s March sales fell 17% year-on-year

On April 1, according to foreign media reports, data released by Hyundai Motor showed that,Affected by factors such as ongoing chip shortagesin March their car’sSales plummet againsales in the first quarter of this year also declined significantly.

According to data released by Hyundai Motor on its official website on Friday, they sold a total of 313,900 vehicles worldwide in March, significantly lower than the 378,200 vehicles sold in the same period last year.down 17% year-on-year.

Specifically, Hyundai Motor sold 52,900 units in the Korean market in March, down from 73,800 units in the same period last year, down 28.4% year-on-year; and sold 261,000 units in overseas markets, also down from 304,400 units in the same period last year, down from a year earlier 14.3%.

Although the year-on-year decline was as high as 17%, Hyundai’s global sales in March actually increased slightly month-on-month. The data released on their official website shows that they sold a total of 305,300 vehicles worldwide in February, compared with 313,900 in March, an increase of more than 8,000 vehicles.

Regarding the reason for the sharp year-on-year decline in sales in March, Hyundai Motor stated on its official website that it was affected by many factors.Including ongoing parts shortages and outbreaksfluctuations in raw material costs have also affected their sales.

In February this year, the sales of Hyundai Motors had increased year-on-year, and the sales in the Korean market and overseas markets had increased to a certain extent. However, affected by the sharp decline in March, the sales of Hyundai Motors in the first quarter of this year also declined significantly year-on-year. Nearly 1 million in the same period last year fell to 901,900, down 9.8% year-on-year.