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Hyundai Motor America Reports August Sales

201009010000 No. 183

HYUNDAI MOTOR AMERICA

 REPORTS AUGUST SALES

 

  • Retail market share of 5.3 percent sets all-time high
  • 20th consecutive month of year-over-year retail share increases

 

FOUNTAIN VALLEY, Calif., Sept. 1, 2010 – Hyundai Motor America today announced sales of 53,603, down 11 percent compared with the all-time sales record set in August 2009, when the successful “Cash for Clunkers” program was in place.  Still, August marked the third best volume month in company history, saw a 5.3 percent retail market share -- the highest market share ever achieved -- and delivered the 20th consecutive month of retail market share gains.  For the year, Hyundai has reported cumulative sales of 363,491, up 17 percent versus the same period in 2009, and remains on track to establish an all-time sales record for the full year.

“Even with an erratic stock market, sluggish home sales and faltering consumer confidence over the past several months, Hyundai continues to significantly outperform the industry and gain market share,” said Dave Zuchowski, Hyundai Motor America’s vice president of national sales. “Consumer demand for our products remains strong, and as we take aggressive action to increase production of high-demand vehicles and improve dealer supply, we feel we’re well-positioned for growth over the remaining four months of this year.  We’re preparing to launch our flagship Equus sedan and are introducing three additional new products to our lineup in the fourth quarter, backed by an ambitious media plan to ensure we maintain our momentum in the face of challenging market conditions.”

On a year-over-year basis, Elantra, Sonata and Tucson sales increased 21 percent 50 percent and 139 percent, respectively. Genesis set another all-time sales record in August and is up 27 percent for the year – this marks the 14th consecutive month of year-over-year sales gains for Genesis.  The strength of this broad product lineup and the overall reduction in incentive spending is continuing to have a positive impact on residual values.


HYUNDAI MOTOR AMERICA

Hyundai Motor America, headquartered in Fountain Valley, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through almost 800 dealerships nationwide. All Hyundai vehicles sold in the U.S. are covered by the Hyundai Assurance program which now includes the 5-year/60,000 mile fully transferable bumper-to-bumper warranty, Hyundai’s 10-year/100,000 mile powertrain warranty, 5-year complimentary Roadside Assistance, and the job-loss vehicle return program. For more details on Hyundai Assurance, please visit www.HyundaiAssurance.com.

                     

 


 CARLINE

AUG/2010

AUG/2009

CY/2010

CY/2009

 ACCENT        

3,844

10,099

34,882

50,661

 SONATA

21,399

11,815

128,484

85,677

 ELANTRA     

15,181

21,673

90,960

75,193

 TIBURON

0

45

0

8,542

 SANTA FE

5,687

10,791

57,110

51,057

 AZERA

341

336

2,140

2,593

 TUCSON

3,343

2,531

26,730

11,189

 ENTOURAGE

0

20

0

3,395

 VERACRUZ

919

841

5,096

8,130

 GENESIS

2,889

2,316

18,089

14,269

 TOTAL

53,603

60,467

363,491

310,706

 

 

Journalists are invited to visit our news media website:  www.hyundainews.com

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