April 20, 2024

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[THE INVESTOR] Hyundai Motor said on March 2 that its February sales fell 8.1 percent on-year on fewer working days and weak demand.

Hyundai sold 310,148 vehicles in February, compared with 337,544 units a year earlier, the company said in a statement.

Domestic sales declined 5.5 percent to 50,200 units last month from 53,113 a year ago and overseas sales also dropped 8.6 percent to 259,948 from 284,431 during the same period, it said. 

“The February sales were affected by fewer working days as the Lunar New Year holiday fell on the third week of last month,” the company said. The traditional holiday fell in January in 2017.

In the January-February period, overall sales declined 4 percent to 649,776 units from 676,591 a year earlier, it said.   

By Song Seung-hyun and newswires (ssh@heraldcorp.com)