Saturday, 25 May 2019 | 10:07 WIB

Hyundai Genesis Sells 200,000 units in Three Years

The 2019 Hyundai Genesis G80 model

SEOUL, NNC - Three years after its release, the Hyundai premium variant, Genesis has successfully surpassed the 200,000 sales units.

Until the end of October 2018, the total sales of Genesis vehicles reached 206,882, touching the 200,000 mark for the first time since November 2015, when Hyundai Motor launched a sub-luxury brand.

With global sales of 555 Genesis cars in the first year, 58,916 units were sold the following year and 78,889 units in 2017.

As reported by Yonhap, during the first 10 months of 2018, Hyundai saw sales of these vehicles increase 6.1 percent per year to 68,522 units.

However, the executive G80 model is the most popular in the Genesis lineup, with a cumulative 127,283 units sold worldwide, followed by the flagship G90 with 52,417 units sold and the G70 sport sedan with 27,182 units.

Hyundai Motor said it would strengthen the Genesis lineup by improving popular models and adding new cars to help stimulate further sales.

The completely revamped G80 model will be introduced next year, along with the new sports SUV vehicle model from the GV80.

Car manufacturers have struggled with rising costs and reduced sales at home and abroad.

Net profit dropped 43 percent year-on-year in the January-September period, while sales rose 1.2 percent to 3.32 million vehicles. Earlier this year, the company set a sales target of 4.68 million units for 2018.