Hyundai's dismal sales report for July

Recent labor strike took a heavy toll on the country’s biggest carmaker. Hyundai is overtaken by GM Daewoo in monthly sales records, for the first time in its history. Hyundai labor union staged partial strikes throughout July except for only one day whereas GM Daewoo’s partial sit-in lasted only for four days. Reno Samsung which does not have union saw its July sales up 40 per cent year-on-year.

Hyundai’s domestic market share in July hit a record 8-year low with a sales number totaling 28,097, down 46.4 per cent from a year earlier.

Its total sales were 128,489, down by 42.4 per cent from a month earlier, and 36.7 per cent year-on-year.