January 2023 sales

[YEH]

USA - 3,905
GV60 - 162
G70 - 804
GV70 - 1,401
G80 - 226
GV80 - 1,207
G90 - 105

Sales up from Jan of '22, but sharply down from the record breaking Dec (likely Genesis needed to rebuild inventory).


Canada - 328


Germany - 102
GV60 - 27
G70 - 21
GV70 - 24
G80 - 10
GV80 - 20


Switzerland - 41
GV60 - 12
G70 - 2
GV70 - 12
G80 - 15
GV80 - 0

First market outside of Korea where Genesis outsells Lexus (41 to 34); think Germany (102 vs 135) will be the next.

Interesting to note that the G80 is the top seller (all/mostly the eG80?) w/ zero GV80 sales.


Australia - 106
GV60 - 11
G70 - 8
GV70 - 71
G80 - 0
GV80 - 16

 

[RCH04]

71% if U.S. sales were SUV's. Definitely a sign of the times.

 

[YEH]

Korea - 8,355
GV60 - 7
G70 - 317
GV70 - 1,149
G80 - 4,057
GV80 - 1,881
G90 - 944

Ioniq 5 - 76
Ioniq 6 - 23
Grandeur - 9,131

EV6 - 0
Stinger - 113
Mohave - 482
K8 - 3,451
K9 - 431


The new, upscale Grandeur outsold all of Genesis; sales down sharply from Dec (nearly 7k fewer sales), so leads credence to supply being an issue (esp for EVs).

 

[vin0770]

Korea - 8,355
GV60 - 7
G70 - 317
GV70 - 1,149
G80 - 4,057
GV80 - 1,881
G90 - 944

Ioniq 5 - 76
Ioniq 6 - 23
Grandeur - 9,131

EV6 - 0
Stinger - 113
Mohave - 482
K8 - 3,451
K9 - 431


The new, upscale Grandeur outsold all of Genesis; sales down sharply from Dec (nearly 7k fewer sales), so leads credence to supply being an issue (esp for EVs).

The sedan is dying on the vine in the state but the G80 (which I bought a couple months ago) is HOT in Korea…what’s that about do you think?

 

[YEH]

While CUVs/SUVs have become more popular in the Korean market, large sedans still rule the luxury segment.

G80 sales are actually down from its height (7,900), as are G90 sales (2,900).

The new, upscale Grandeur likely has impacted G80 sales (think the G90 is supply constrained after a big Dec).

The Korean market is one of the largest for E/S Class sedans (some months, more E/S Classes sold in Korea than here).

That's why those who stated that Genesis made a mistake in focusing first on sedans were wrong.

Genesis needed a strong/healthy domestic market first and that meant large sedans (the smallish G70 doesn't sell well in Korea).

 

[Genny Guy]

While CUVs/SUVs have become more popular in the Korean market, large sedans still rule the luxury segment.

G80 sales are actually down from its height (7,900), as are G90 sales (2,900).

The new, upscale Grandeur likely has impacted G80 sales (think the G90 is supply constrained after a big Dec).

The Korean market is one of the largest for E/S Class sedans (some months, more E/S Classes sold in Korea than here).

That's why those who stated that Genesis made a mistake in focusing first on sedans were wrong.

Genesis needed a strong/healthy domestic market first and that meant large sedans (the smallish G70 doesn't sell well in Korea).

This is insightful. Thanks.