SEOUL (Reuters) -- Hyundai Motor Co. reported a nearly 2 percent rise in car sales in September from a year ago due to fewer operating days, but its shipments showed double-digit growth in the United States and China.
Hyundai benefited from Beijing's subsidies for fuel-efficient models in China, while its Sonata sedan posted strong sales in the United States, analysts said.
"Overall, I am not that pessimistic about auto demand worldwide. Although demand in the United States and Europe is sluggish, sales are growing in emerging markets," said Lee Sang-hyun, an analyst at NH Investment & Securities.
Demand in China, the world's No.1 market, is expected to remain robust, driven by subsidies for fuel-efficient cars.
Hyundai's September car sales rose 1.8 percent to 314,355 units from a year ago. This represented a 7.5 percent rise from the previous month. Its overseas sales climbed 7.2 percent year-on-year, while domestic shipments fell 17.1 percent.
Kia reported a 12 percent rise in sales in September while its overseas sales climbed 15 percent and domestic sales were up 3 percent.