May 6, 2020 / 8:19 AM / a month ago

Hyundai Motor sales down 57% amid coronavirus pandemic

FILE PHOTO: Visitors wearing masks to prevent contracting the coronavirus disease (COVID-19) take a look at a Hyundai Motor's vehicle at Hyundai Motor Studio in Goyang, South Korea, April 21, 2020. REUTERS/Kim Hong-Ji

SEOUL (Reuters) - South Korea’s Hyundai Motor (005380.KS) said on Wednesday its provisional April sales fell 57% on year to 159,079 vehicles globally, as the coronavirus pandemic and efforts to curb its spread sharply contracted auto demand and dealership traffic.

Hyundai Motor said last month it expects only a modest recovery in Chinese auto demand and weak sales elsewhere this year after the coronavirus pandemic caused first-quarter vehicle sales to tumble 18%.

Reporting by Heekyong Yang and Joyce Lee; editing by Louise Heavens

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