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Hyundai sees tough second half of year

Shot in the arm: Hyundai expects to lift sales of the Santa Fe to 1000 units a month when the new-generation version goes on sale early next month.

Hyundai chief expects sales growth to taper off as overall market, economy weaken

Market Insight logo22 Jun 2018

By TERRY MARTIN

- Hyundai is anticipating a tough second half of trading in Australia this year, with its current sales growth of 5.2 per cent expected to taper off to between three and five per cent for the full 12 months.
 
- Hyundai Motor Co Australia (HMCA) chief executive JW Lee revealed the company’s forecast to GoAuto in an interview this week, pointing to the overall industry’s slight downturn over the past couple of months and expectations that the market this month – amid the usual flurry of end-of-financial-year deals – was not proving to be as strong as during last year’s EOFY frenzy.
 

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