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Hyundai Motor's sales rise 8.2 pct in June

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(Globalpost/GlobalPost)

SEOUL, July 1 (Yonhap) -- Hyundai Motor Co., South Korea's largest carmaker, said Monday that its sales advanced 8.2 percent in June from a year earlier on the back of solid sales in overseas markets.

Hyundai Motor sold a total of 404,368 vehicles last month, compared with 373,675 units the previous year, the company said in a regulatory filing.

Its domestic sales declined 7 percent on-year to 55,548 units last month while overseas sales advanced 11.1 percent to 348,820 units, according to the carmaker.

The figures excluded shipments of complete knockdown kits of parts and components to be assembled into vehicles.

Hyundai Motor said that domestic sales lost ground in June, beset by sluggish consumer spending and its unionized workers' boycott of weekend shifts.

Brisk overseas sales, however, overshadowed tepid domestic sales, indicating that Korea's largest carmaker fared well, weathering the global economic slowdown and the Japanese currency's slide.

In the first half, its combined sales reached 2.38 million units, up 9.4 percent from a year earlier, it added.

"A bumpy road is anticipated this year as growth of advanced and emerging markets is slowing down as well as currency volatility is rising," Hyundai Motor said in a statement. "The company plans to focus on boosting its capacity building and competitiveness."

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