Hyundai and Kia post record U.S. September sales driven by SUV and hybrid demand
Quick Look
Hyundai Motor Co. and Kia Corp. reported record U.S. sales for September, with Hyundai selling 77,439 vehicles (up 9%) and Kia selling 77,009 units (up 18%), driven by strong demand for SUVs and hybrid models, which made up 28% of Hyundai's U.S. sales.
AI-generated summary
Why It Matters
Hyundai Motor Co. and Kia Corp. are affiliates of Hyundai Motor Group, South Korea's largest automaker, reporting monthly U.S. sales figures as part of their market performance tracking.
SEOUL, Oct. 2 (Yonhap) -- Hyundai Motor Co. and Kia Corp. posted record U.S. sales for September, driven by strong demand for sport utility vehicles (SUVs) and hybrid models, the Hyundai Motor Group affiliates said Friday.
Hyundai Motor America sold 77,439 vehicles last month, up 9 percent from a year earlier, marking its highest-ever September sales.
Sales of the Palisade SUV surged 52 percent on-year, while the Sonata, Tucson and Santa Fe also posted double-digit growth.
Hybrid electric vehicles (HEVs) accounted for 28 percent of Hyundai's total U.S. sales during the month.
Kia America also reported its best-ever September sales, with deliveries jumping 18 percent on-year to 77,009 units.
The Seltos, Niro, K4, Telluride, Sorento, Carnival, K5 and Sportage were among the models that contributed to the strong monthly performance.
What to Watch
AI outlook โ possibilities, not facts
Hyundai and Kia will maintain strong U.S. sales momentum into the fourth quarter of 2024
Likely ยท Within months
Open Questions
- How do these September sales figures compare to the full-year projections for Hyundai and Kia in the U.S. market?
- What specific incentives or marketing strategies contributed to the surge in SUV and hybrid sales?
- Are supply chain constraints still affecting vehicle availability for either brand in the U.S.?
