11 February 2023

Hyundai Factory Sales : 2022 (By Nation)










It was a trying 2022 for car makers but Hyundai seemed to secure a sufficient supply of semiconductors to actually manage a 3% increase in factory sales. They also had to contend with reduced volume in China and winding down operations in Russia. I presume the latter two negatives freed up chips for elsewhere. 

Just over a third of the unit sales (36.6%) were from plants in Korea, about the same as a year ago. Its lowest level was back in 2016 when it was just under the 30% mark. India's contribution of 19.8% was its highest ever. China (at 7.1% of the cars Hyundai make) was the lowest since 2003 when they were just establishing manufacturing in that country. 

The plant in Indonesia was timely as that market is strongly protected and local production is essential for any hoped for success there. As mentioned, Russian production is over so that will be off the list in 2023. Production in Mexico comes from the Kia plant. 

Data source: Hyundai.


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