Genesis GV80 global sales hit record high in Jan-June 2024
Jin-Won Kim
19 HOURS AGO
Genesis GV80 was launched in 2020 Sports utility vehicle GV80 under Hyundai Motor Co.'s premium brand Genesis recorded its highest half-year sales in the first half of this year, after it rolled out a revamped model late last year amid growing demand for SUVs.
GV80 sold 38,752 units worldwide in the first six months of this year, up 39.7% from the same period of last year, according to Hyundai Motor’s investor relations materials released on Sunday.
That also marked a 35% surge, compared with the 28,736 units it sold in the second half of 2023 that was the then strongest results for the premium model for a six-month period.
The first-half sales results in 2024 broke down into 14,940 units sold in overseas markets and domestic sales of 23,812 units.
A modified model of GV70 unveiled in May 2024 Hyundai released a new iteration of GV80 with a partial change in October of last year, under which its radiator grilles are decorated with diamond patterns to emphasize its luxury brand image.
In the US, GV80 performed well. Its first-half sales jumped 22.2% to 10,091 units versus the 8,255 units sold in the same period of 2023.
GV70 also led Genesis’ US sales that reached 12,181 units in the first half of this year. The mid-size SUV unveiled its first redesign in April this year since its 2020 debut.
The revamped Genesis GV80 Coupe launched in 2023
Genesis GV80 Coupe SUV also drove Gensis sales growth. It sold 3,322 units worldwide in the first six months of this year.
Coupe SUVs with a sleek design have a higher price tag than other SUVs, but created its own fandom, according to industry officials.