Q1 2023 Hyundai Motor Co Earnings Call Transcript
Welcome, everyone, to Hyundai Motor's 2023 Q1 business results conference call. On behalf of Hyundai Motor Company, I appreciate your time for participating in today's call. Please refer to the presentation, HMC 2023 Q1 business results on our IR website.
Today's presentation consists of two parts: sales summary and financial summary. For more information, please refer to the Appendix page.
The first part is sales summary. Our 2023 first-quarter global wholesale has increased by 13.2% year on year to 1,021,712 units, while retail sales increased by 3.6% year on year to 986,823 units. In Q1, with semiconductor and other parts supply regaining balance, productions have increased and our wholesale sales, so on year-on-year increase with strong back orders.
In domestic market, thanks to better parts supply situation, production has gone up and strong sales of the all-new Grandeur launched in Q4 last year resulted in all-time high Q1 sales, up by 26% year on year. In North America, strong sales have continued led by SUVs and Genesis, resulting in wholesale
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