Hyundai Motor announced on Thursday that it sold 358,759 vehicles worldwide in March, a 2.3% decrease from the previous year, with domestic sales down by 2.0% and overseas sales down by 2.4%. Hyundai Motor announced on Friday that vehicle exports to Europe and North Africa, which typically transit through the Middle East, are facing disruption due to regional tensions. This confirms the mounting pressure on global supply chains. This disruption highlights how tensions are choking key shipping routes, increasing logistics costs, delaying deliveries, and adding pressure on the automaker and its suppliers. The company warned...
Hyundai March Sales Fall 2.3% Amid Export Disruptions
Hyundai Motor reported a 2.3% drop in global vehicle sales for March year-over-year, driven by a 2.4% decline in exports. The company cited regional tensions in the Middle East as a key factor disrupting supply chains and increasing logistics costs.