Hyundai: Year-Over-Year Increase

By Staff Writer August 06, 2020

Hyundai Motor America reported total July sales of 57,677 units, a 1-percent increase compared with July 2019. Retail sales grew 4 percent, the third consecutive month of increasing retail sales. Fleet sales were down 32 percent and represented 7 percent of total volume. During the first six months of 2020, Hyundai increased its retail market share nearly a full point, the biggest gain in the industry. That trend is expected to continue after July industry sales are analyzed.

Hyundai sold 53,555 retail units in July, with SUVs representing 67 percent of the total retail mix. Hyundai SUV retail sales grew 16 percent. Retail sales of the flagship SUV Palisade were up 87 percent, establishing a new overall and retail monthly sales record, surpassing the previous record set in June 2020. Retail sales were up across the Hyundai lineup: Santa Fe 9 percent, Kona 12 percent, Sonata 7 percent and Accent 7 percent.

“Achieving an overall sales increase despite the ongoing pandemic is a tremendous accomplishment and speaks to the depth and quality of our product lineup and resiliency of our dealers,” said Randy Parker, vice president, National Sales, Hyundai Motor America.

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Last modified on Thursday, 06 August 2020 14:43