Hyundai Motor Company and Kia Corporation Set October U.S. Sales Record, With 153,460 Vehicles Combined

[Financial News] Hyundai Motor Company and Kia Corporation also posted strong results in the U.S. market last month, setting a record for October sales.
Hyundai Motor America said on the 3rd (local time) that its total sales in October reached 73,452 vehicles, up 5% from the same month a year earlier.
By model, the Hyundai Santa Fe posted the largest sales increase, at 52%, followed by the Hyundai Kona (21%), Hyundai Ioniq 5 (21%) and Hyundai Elantra (17%).
Sales of Hyundai's hybrid lineup rose 20% over the year and accounted for 29% of total sales last month.
Randy Parker, CEO of Hyundai Motor America, said, “We had our best October ever,” adding, “The 9% increase in retail sales is a clear sign that consumers are choosing Hyundai.”
Amid strong results, Hyundai Motor America is stepping up its investment in the United States. It has decided to invest $450 million (about 604.6 billion won) at its plant in Montgomery, Alabama, to produce a new Hyundai Tucson model and expand engine production.
Kia Corporation also said it sold 80,008 vehicles in the North American market in October, up 16% from the same period a year earlier.
That was a record for October, and Kia has continued to set new monthly records for six consecutive months.
Sales of the Kia Telluride surged 63%, while Kia Seltos sales rose 43%. The Kia Carnival (17%), Kia K4 (14%) and Kia Sportage (12%) also all posted double-digit growth.
Sales of hybrid and electric vehicle models also reached record highs. Kia EV9 sales jumped 111%, while Kia EV6 sales were 58% higher than in the same month a year earlier.


[email protected] Lee Seok-woo, International Affairs Correspondent Reporter