Following the signing of a new collective labour agreement, Hyundai Motor’s operations returned to normal in August and domestic and export sales soared by 53.3% over the previous strike-ridden month to reach 149,762 units. The year-to-date sales figure stood at 1,218,146 units, a year-on-year improvement of 1.5%.
Exports, including units assembled by overseas subsidiaries and partners, reached 103,692 units in August, up 80.3% month-over-month. Cumulative exports for the first eight months were up 16.7% year-on-year, equivalent to 788,954 units.
A sluggish domestic economy kept the brakes on August passenger car sales which reached 21,043 units. While representing a 22.8% improvement over the previous month, the year-to-date passenger car sales total was down 16% last year at 210,682 units.
Total domestic vehicle sales for Hyundai reached 46,070 units in August, up 14.6% over July while the year-to-date total reached 429,192 units, a decline of 18.1% year-on-year.