Hyundai Motor Co. and Kia Corp. broke their monthly sales record in the U.S. market for three consecutive months.
Hyundai Motor Group said on the 3rd that Hyundai Motor and Kia’s sales in May (including Genesis) rose 66.1% from the same period last year to 174,43 units.
It recorded the highest monthly sales for three consecutive months, following March and April, when it sold 144,932 and 159,994.
Hyundai Motor sold 93,745 units, up 59 percent from the same month last year, while retail sales to ordinary customers rose 54 percent to 84,351.
Retail sales of eco-friendly vehicles surged 887 percent, accounting for 11 percent of total retail sales, while retail sales of general passenger cars and SUVs also increased 105 percent and 34 percent, respectively.
“It’s a great achievement to set a new record for three consecutive months in total and retail sales,” said Randy Parker, senior vice president of sales. “We’re working closely with manufacturing and supply chain partners to meet the extraordinary needs of consumers.”
Kia, like Hyundai Motor Co., recorded the highest sales in the U.S. market for three consecutive months.
Sales in May rose 75.3 percent from the same month last year to 82,298 units.
Shawn Yoon, president of North America, said, “We have set a ‘triple crown’ milestone’ that has posted the highest sales performance for three consecutive months. Kia continues to increase its market share.”
Genesis also sold 3,728 units, up 176.1% from the same month last year, marking the highest monthly sales record.
Strong sales of new cars and sport utility vehicles (SUV) such as Avante, Tucson, GV80, K5, and Sorento seem to have driven the performance.
By car type, 18,848 Tucson, 18,759 Avante, 13,487 Sonata, 13,323 K3,459 K51,144 Sorento cars were sold in the order.
Avante and K5 sold 159.1% and 112.8% year-on-year, respectively, while Tucson, Venue (3615 units), GV80 (237 units), and K3, and Sportage (1135 units) set new records for each model.
Hyundai Motor and Kia sold 55,168 SUVs and 45,915 SUVs, respectively, totaling 101,982.
The cumulative sales of Hyundai Motor and Kia rose 48.6 percent year-on-year to 659,939 units in the January-May period. Hyundai Motor rose 53.1 percent to 349,914 units and Kia rose 43.9 percent to 312,25 units.
Hyundai Motor Group’s increase in sales in the U.S. last month seems to be due to the market’s recovery due to the U.S. government’s economic stimulus measures and vaccinations. Other finished car brands that announced their performance last month reportedly saw their sales in the U.S. increase by about 50% compared to the previous year.