HYMLF - Hyundai Motor's July global sales down 2.4%

Hyundai Motor (OTCPK:HYMLF) reports global sales declined 2.4% to 309,091 units in July, Sales outside of Korea rose 4.2% Y/Y to 250,045 units. Sales in Korea decreased 22.6% Y/Y to 59,856 units due in part to disruption in the semiconductor chip supply chain.  Hyundai Motor expects that on-year sales growth could be slowed down for the rest of this year amid adverse business conditions caused by the resurgence in COVID-19 pandemic, as well as the unstable supply of semiconductor chips. However, the company will endeavor to sustain its sales momentum for the rest of the year and proactively cope with the risks. Source

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Hyundai Motor's July global sales down 2.4%