Hyundai Motor Company and Kia Achieve Record Sales for Three Consecutive Months in the U.S.

Hyundai Motor Group's Senior Vice Chairman Chung Eui-sun was appointed as chairman on the 14th, marking the full-scale launch of the third-generation management system of Hyundai Motor Group. Hyundai Motor Group, including Hyundai Motor and Hyundai Mobis, held an extraordinary board meeting that morning and approved the appointment of the new chairman Chung. Accordingly, Chairman Chung became the undisputed head of the group just 2 years and 1 month after his promotion to senior vice chairman of the group in September 2018, and 7 months after becoming the chairman of Hyundai Motor's board in March this year. The photo shows the Hyundai Motor Group headquarters in Seocho-gu, Seoul on the day. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Ki-min Lee] Hyundai Motor Company and Kia surpassed 170,000 units sold in the U.S. market in May, setting the highest monthly sales record for three consecutive months.

Hyundai Motor America (HMA) and Kia America (KA) announced on the 2nd (local time) that they sold a total of 170,315 vehicles last month. With this, Hyundai and Kia broke the previous records set in March and April, when they sold 144,932 and 150,994 units respectively in the U.S.

Hyundai reported that it sold 90,017 units in the U.S. market last month, marking the highest sales volume for three consecutive months. May sales increased by 56% compared to May of last year.

Retail sales to general customers reached 84,351 units, up 54%, achieving the highest retail sales ever. Retail sales of eco-friendly vehicles surged by 887%, accounting for 11% of total retail sales. Retail sales of passenger cars and sport utility vehicles (SUVs) also increased by 105% and 34%, respectively.

Randy Parker, Senior Vice President of Sales, said, "Setting new records for total monthly sales and retail sales for three consecutive months is a significant achievement," adding, "We are working closely with manufacturing and supply chain partners to meet the extraordinary demand from consumers."

Kia also achieved the highest sales performance for three consecutive months in the U.S. market, similar to Hyundai. Kia's May sales reached 80,298 units, a 75% increase compared to the same month last year.

Sean Yoon, President of Kia North America, said, "We have set the 'Triple Crown' milestone by achieving the highest sales performance for three consecutive months," and added, "Kia continues to grow its market share."

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