Hyundai ranks third in global auto sales for the 1st time

The Korean carmaker beat the Renault-Nissan-Mitsubishi Alliance, which came in 4th place

For the first time, South Korean carmaker Hyundai has become the 3rd largest automaker in terms of global sales volume.

According to reports, Hyundai registered sales of 6.845 million units worldwide in 2022. This puts Hyundai behind Toyota & Volkswagen Group, which registered 10.483 million & 8.481 million units of global sales, respectively.

The Korean carmaker beat the Renault-Nissan-Mitsubishi Alliance, which came in 4th place with 6.157 million units of worldwide sales. Below this were General Motors & Stellantis, which registered sales of a little over 5.8 million units each.

Sales of the Hyundai Motor Group have been steadily increasing over the past couple of decades. The carmaker was ranked 4th in 2020 before slipping to 5th in 2021 and now rising again to the top-3. Reports also suggested that Hyundai was the only carmaker that experienced a rise in sales last year - a 2.7% increase; when compared to others which witnessed a decline. Toyota sales were down by 0.1%, Volkswagen by 1.1%, Renault-Nissan-Mitsubishi Alliance by 14.1%, and General Motors by 5.7%.

Source: Hankyoreh