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Hyundai Tucson HEV posts record US sales as hybrids catch on

Korea Economic Daily LogoKorea Economic Daily1h ago

Hyundai Tucson HEV posts record US sales as hybrids catch on - Korea Economic Daily

Quick Summary:

Hyundai and Kia’s combined hybrid sales rose 20.6% on-year to 19,386 units.“Despite a challenging start to July as the CDK disruption began to resolve, Hyundai achieved a solid 4% increase in total sales, fueled by our HEV and EV lineup,” said Randy Parker, chief executive of Hyundai Motor America.“Our overall sales results in July reflect the sustained consumer demand for a diversified product portfolio.” In mid-June, the US auto industry experienced sales disruptions due to a glitch in the CDK software, a sales and inventory management system used by auto dealers, after a malicious ransomware attack.

Sales of Kia’s eco-friendly vehicles, including EVs, reached 11,413 units, accounting for 18% of its total vehicle sales.“As we expand our electrified offerings with the first-ever hybrid Carnival MPV over the next few months, we are confident that consumer interest in the Kia brand will continue to strengthen,” said Eric Watson, vice president of Kia America’s sales operations.

Hyundai Motor America sold 75,396 vehicles, up 3.5% from the year-earlier period, while Kia America saw its July sales decline 10.4% on-year to 63,580 units.The Genesis posted a 2.2% decline to 60,193 vehicles.


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Article Details

Category: Economy

Markets:

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 16:31:00 (1 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 536 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 21895936

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