Hyundai Motor reports December sales image

The Korean manufacturer reported mixed results for the month of December, with its domestic sales slipping dramatically by 20.5%, while the global output went up by 1.6%.

Hyundai Motor said its U.S. sales climbed 6 % to 63, 005 vehicles in December from a year earlier, bringing its 2013 U.S. sales to a record high of 720,783 vehicles driven by the Elantra compact and Santa Fe sport utility vehicles.

Still, the 2013 sales fell short of its earlier target of 734,000 vehicles, as the South Korean automaker faced tougher competition from resurgent U.S. and Japanese rivals, as well as a lack of manufacturing capacity and newer models. Hyundai, which recently replaced its U.S. chief, plans to launch revamped versions of the Genesis and Sonata sedans this year to spur sales momentum in the U.S. market.

In the mean time, in South Korea it sold a total of 50,160 vehicles (passenger cars and commercial vehicles), which is a year on year decline from 2012 of 20.5% (63,106), while for the whole of 2013 it sold a total of 640,865 vehicles (-4%).

The overseas total for December was 347,376 (+5,9%) and for the whole year was 4,080,291 (+9.3%).