May 08, 2024

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[THE INVESTOR] Hyundai Motor said on Jan. 2 its December sales fell 16.6 percent from a year earlier due to weaker overseas demand.   

The country’s biggest carmaker sold 406,671 vehicles in December, down from 487,850 units a year earlier, the company said in a statement.

“Strikes at the carmaker’s main domestic plants and sharp sales declines in China amid bilateral political tensions resulted in the poor monthly results,” the company said in a statement.   

Domestic sales fell 26.1 percent to 53,361 cars last month from 72,161 a year ago. Overseas sales also dropped 15.0 percent to 353,310 from 415,689 during the same period, it said.

For the whole of 2017, Hyundai saw its sales decline 6.5 percent to 4.5 million units from 4.8 million a year earlier.

By Alex Lee and newswires (alexlee@heraldcorp.com)