South Korean automaker Hyundai Motor Group has announced that it ranked third in terms of global vehicle sales as of the first 6 months of calendar year 2022. This came on the back of increased high-end model sales despite the shortage of automotive chips.
According to the sales data, Hyundai, its luxury brand Genesis, and smaller affiliate Kia, sold a total of 3.299 million vehicles in global markets between January and June 2022, following 5.138 million units of Toyota and 4.006 million units of Volkswagen Group.
Hyundai says the increased sales of Genesis models, the all-electric Hyundai IONIQ 5 and the pure electric Kia EV6 have helped push up its sales ranking. Hyundai Group’s ranking jumped from 5th with sales of 3.475 million autos during the first half of 2021.
However, the South Korean automaker’s first-half sales fell 5.1% from a year earlier, while faring better than its global competitors. Toyota Group’s sales declined by 6% compared to the previous year, Volkswagen Group’s dropped by 14%, Stellantis saw its sales reduced by 16%, and General Motors plunged by 19%.
A 3d animation professional with over 20 years of industry experience having served in leading organizations & production facilities of Pakistan, an avid car enthusiast and petrolhead with an affection to deliver writings to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com