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Hyundai Motor Q3 sales slow, profit declines

Hyundai Motor's automotive revenue grew by 5.3% but operating profit dropped by 26% and the margin fell a sharp 2.9 points. By Jonathan Storey

HMC's wholesales (excluding non-consolidated Chinese joint ventures) were 990,000 units in Q3 2024, unchanged from a year earlier. There were falls of 5.7% in India, 9.5% in Europe, 4.3% in South America, 61% in China and 1.2% in the rest of the world, but these declines were offset by rises of 9.3% in North America and 1.8% in Korea.

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