[Hyundai Motor Conference Call] "US Sales Target for Second Half of the Year Set at 350,000 Units, 25% Increase from First Half"
[Asia Economy Reporter Suyeon Woo] Hyundai Motor Company stated on the 23rd during the 2020 Q2 earnings conference call, "In the second half of this year, we have set a sales target of approximately 350,000 units in the U.S. market, a 25% increase compared to the first half, by expanding new car momentum with models such as the G80, GV80, and Avante." They added, "We also expect to maintain the Sports Utility Vehicle (SUV) share at over 60%."
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Hyundai Motor continued, "With the introduction of new models like the Palisade and Venue, our market share in the U.S. for Q2 recorded 4.3%, an increase of 0.3 percentage points compared to the previous year," adding, "This increase in SUV-focused market share is meaningful as it was driven by strong sales and mix improvement rather than incentives."
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