Hyundai Statistics By Revenue, Sales, Leading Model, Segment And Demographics

Introduction

Hyundai Statistics: Hyundai, a household name for reliable and affordable cars, has become a major player in the global auto industry. Established in 1967, Hyundai Motor Company is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea. It is part of the Hyundai Motor Group, which also includes Kia Motors and Genesis Motor, among others. Today, Hyundai operates in over 200 countries and employs more than 120,000 people worldwide.

This article includes several current trends and analyses from different insights and will guide you accordingly. Let’s dive into some interesting statistics to understand Hyundai’s performance, popularity, and future goals.

Editor’s Choice

• Hyundai Statistics states that revenue increased by 7.6% year over year (YoY) to KRW 40.66 trillion (approximately USD 31.4 billion) in the first quarter of 2024.
• Despite the revenue growth, operating profit decreased by 2.3% YoY to KRW 3.56 trillion (USD 2.75 billion), with an operating profit margin of 8.7%.
• Net profit, including non-controlling interest, declined by 1.3% year over year to KRW 3.38 trillion (USD 2.61 billion).
• Hyundai sold 1,006,767 units globally in Q1 2024, a 1.5% decrease compared to the same period last year.
• Sales in South Korea fell sharply by 16.3% to 159,967 units, primarily due to the temporary suspension of production at the Asan Plant for EV production upgrades.
• International sales increased by 1.9% to 846,800 units, driven by strong performances in North America and India.
• Hyundai further states that in Q1 of 2024, the company sold nearly 98,000 hybrid vehicles, up 16.6% from the previous year.
• The total sales of electrified models, including hybrids, plug-in hybrids, battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs), were 153,519 units, down 4.8% from the previous year.
• During the same period, Hyundai Motor America reported record-breaking March sales, with 76,920 units sold, a 2% increase YoY.
• The company declared a quarterly dividend of KRW 2,000 (USD 1.44) per share, continuing its shareholder-friendly policies.
• They’ve set a target of selling over 4.24 million vehicles globally by 2024, showcasing their confidence in their product lineup and market strategies.

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Hyundai Motor Company’s Sales Statistics

• Hyundai sold 1,006,767 units globally in Q1 2024, a 1.5% decrease compared to the same period last year.

(Reference: statista.com)

• A report published by Statista elaborates that the total revenue generated by Hyundai in FY 2023 was around 162,664 billion South Korean won, representing (USD 117.11 billion), a decrease from KRW 142,152 billion (USD 102.34 billion) in 2022.

In contrast, the amount of revenue generated between 2011 and 2021 is detailed below:

Unit Sales Statistics Of Hyundai, By Leading Model

(Reference: statista.com)

• Hyundai Statistics show that in South Korea, the all-new Grandeur became Hyundai’s best-selling model in 2023, with sales exceeding 113,000 units.
• Furthermore, other leading models’ unit sales were followed by Porter 2 (71,876), The new Avante (51,963), Casper (45,451), Palisade (41,093), Tucson (40,156), Staria (39,780), The all-new Kona (31,742), The all-new Santa Fe (29,109), and Sonata The Edge (25,937).

Hyundai Sales Statistics By Region

• In 2023, Hyundai Motor Company sold over 1 million vehicles in the North American region, marking a significant increase from the previous year’s sales of approximately 949,000 units.
• Furthermore, other regions’ unit sales are followed by Europe (636,000) and India (605,000).
• However, Hyundai Statistics further states that the total sales in Central and South American regions, Africa, and the Middle East region are 304,700 units and 300,000 units, respectively.
• In contrast, Hyundai Motors’ overall sales reached around 3.45 million vehicles worldwide in 2023, an increase from 3.25 million units in 2022.
• In Q1 2024, Hyundai Motor Company demonstrated that global sales were around 1,006,767 units, a 1.5% decrease year over year.
• Similarly, during the same period, South Korean sales reached 159,967 units, down by 16.3%.

Furthermore, other regional analyses of Q1 2024:

Hyundai Motor Company’s Statistics By Main Affiliates

• Hyundai Statistics show that in 2024, Hyundai Motor Company had seven significant affiliate companies involved in the automotive parts sector.
• In total, there were 28 key subsidiaries, not including Hyundai Motor Company itself.

The key subsidiaries and shares are followed below:

(Reference: internal.statista.com)

Sales Revenue Statistics Of Hyundai Motor By Segment

• As per Hyundai Statistics, in the first quarter of 2024, sales of electrified models, including hybrids, plug-in hybrids, battery electric vehicles, and fuel cell electric vehicles, reached 153,519 units.
• Meanwhile, the total revenue accounted for by the Automotive segment was approximately KRW 40.66 trillion (USD 31.5 billion), an increase of 7.6% year over year.
• Hyundai’s overall revenue for the year 2023 increased by 14.4% to KRW 162.7 trillion (approximately USD 125.6 billion).
• The Recreational Vehicles segment (RVs) includes SUVs and other recreational models, and it generated around KRW 33 trillion (USD 25.5 billion).
• During the same period, sales revenue from Passenger Cars amounted to approximately KRW 27.3 trillion (USD 21.1 billion), followed by the Commercial Vehicle segment, which contributed about KRW 6.1 trillion (USD 4.7 billion).

Overseas Production Volume Of Hyundai Motor By Factory

• In Q1 2024, Hyundai’s total global sales were 1,006,767 units, with 846,800 units sold outside of Korea. This indicates a 1.9% increase in international sales compared to the previous year.

Hyundai Motor Company reported production volumes across several of its international factories in 2023:

(Reference: statista.com)

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Production Volume Statistics Of Hyundai Motor

• Hyundai Statistics show that in 2023, Hyundai Motor Company’s factory in the United States produced approximately 369,000 vehicles.
• In Q1 2024, the company’s production volume in the nation reached a new record, with 184,804 units produced in total.

The table elaborates on the company’s production volume from 2015 to 2022 at Hyundai Motor Manufacturing Alabama (HMMA) in the United States.

(Reference: statista.com)

Hyundai Statistics By Global Shipment Volumes

• In Q1 2024, Hyundai Motor Company shipped 1,006,767 vehicles globally, down 1.5% from last year’s quarter.
• However, 846,800 units were shipped to markets outside of South Korea, representing a 1.9% increase year-over-year.

Monthly Shipment Breakdown Analyses, 2024

• In March, the company shipped around 369,132 units globally, a 3.7% decrease from March 2023. Of these, 306,628 units were shipped outside South Korea.
• In May, Hyundai shipped 356,223 units, up by 1.9%, resulting in 294,023 unit shipments outside South Korea.

Hyundai Motor Group’s Vehicle Sales Statistics By Brand

(Reference: statista.com)

• In the fourth quarter of 2023, the Hyundai Motor Group experienced a 4.01% increase in US vehicle sales compared to the same period in 2022.

The table also elaborates on quarterly Hyundai Motor Group vehicle sales in the United States in 2023

Hyundai Website Traffic Statistics By Country

(Reference: similarweb.com)

• The total website visits of hyundai.com in May 2024 reached 13.5 million, an increase of 9.22% from last month’s, and it secured a 53.13% bounce rate.
• Hyundai Statistics 2024: the Republic of Korea had 24.24% of the website’s total traffic, which has decreased by 13.25%.
• During the same duration, other countries recorded the following contribution in total traffic: Turkey = 10.73% (+43.78%), India = 8.15% (+15.8%), Australia = 6.53% (+37.14%), and Germany = 5.95% (-2.67%).
• Other countries collectively made up around 44.4% of visitor share on hyundai.com.

By Demographics

(Reference: similarweb.com)

• In May 2024, male and female users of hyundai.com were 73.41% and 26.59%, respectively.
• The Hyundai Statistics by age group state that the highest number of website users observed is between 25 and 34 years old, which is 26.58%.
• 19.15% of Hyundai’s website users are aged 35 to 44 years.
• In contrast, 18.45% and 15.55% belong to individuals aged 45 to 54 and 18 to 24, respectively.
• Around 12.55% of users are aged from 55 to 64 years.
• Nearly 7.71% of user shares of hyundai.com contributed from the age group above 65 years.

By Traffic Source

(Reference: similarweb.com)

• Hyundai Statistics 2024 also shows that organic search generated the highest traffic rate to hyundai.com, 50.39%.
• Almost 26.58% of the share is generated by direct traffic searches, while 12.61% is from paid searches.
• Furthermore, the website’s other traffic sources are referrals (3.01%), social (1.26%), mail (0.56%), and display (5.58%).

By Social Media Referral Statistics

(Reference: similarweb.com)

• Hyundai Statistics reported that YouTube had the highest social media referral rate, with a 39.04%% share compared to other social network traffic.
• Facebook and LinkedIn each contributed a share of 32.04% and 10.32% on hyundai.com.
• Meanwhile, traffic sent by Reddit was 6.79%, and Instagram contributed 3.82%.
• Similarly, the rest of Hyundai’s website’s social networks together made up around 7.99% of the traffic share.

Hyundai Monthly Launches In 2024

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Environmental Initiatives Of Hyundai Groups

• Hyundai will transition all manufacturing processes to use 100% renewable energy by the end of 2045, starting with the Hyundai Motor Manufacturing Czech (HMMC) (Hyundai USA)​.
• In 2022, Hyundai recorded 506,793 units of eco-friendly vehicle sales, including 210,352 electric vehicles (EVs) and 11,217 fuel cell electric vehicles (FCEVs).
• The company’s water reuse efforts increased 5% year over year, with 2,284,154 tons of water reused in 2022.
• The IONIQ 5 and IONIQ 6 models extensively use sustainable materials. For instance, the IONIQ 5 incorporates recycled plastic bottles, bio-PE fabric, and eco-processed leather, reducing carbon emissions significantly during production​ (Hyundai News)​.

Conclusion

Hyundai’s impressive sales figures, commitment to electric vehicles, and focus on innovation solidify its position as a major force in the global auto industry. Its dedication to sustainability and customer satisfaction positions it well for continued growth and success in the years to come.

As it navigates the ever-changing automotive landscape, Hyundai’s commitment to progress promises exciting developments for drivers worldwide.