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US retail sales of Hyundai Motor rise 7 per cent on-year in Q3

Hyundai Motor headquarters in Seoul. The company is now expanding into Indonesia. Photo: AFP/Jung Yeon-je. Sketched by the Pan Pacific Agency.

SEOUL, Oct 2, 2020, Yonhap. Retail sales of Hyundai Motor Co. in the United States rose 7 percent in the third quarter from a year earlier on rising demand for its sport utility vehicles (SUVs), the carmaker’s U.S. unit said Friday (Korean time), Yonhap News reported.

Hyundai sold a total of 170,838 units stateside in the July-September period, down 1 percent, or 2,200, from a year earlier, according to a release by Hyundai Motor America on its website.

But its retail sales reached 161,254 units over the three months, up 7 percent from the same period last year

“Retail sales in the third quarter also increased, another indication that sales are recovering from the pandemic,” Randy Parker, vice president of Hyundai Motor America, was quoted as saying.

The growth was led by a 21 percent on-year growth in September retail sales.

Hyundai America sold 51,784 retail units last month, while its total sales gained 5 percent on-year to 54,790 for the month.

Sales of its midsize SUV Palisade soared 125 percent on-year in September, with a 44 percent gain in sales of the Kona, a subcompact crossover SUV, and a 17 percent rise for the five-door SUV Santa Fe.

Meanwhile, Kia Motors America saw its September sales jump 24.4 percent on-year to 55,519 units, with its retail sales surging 35.3 percent to a record 53,513 vehicles.

It is the highest monthly retail sales record since Kia Motors, a sister company of Hyundai Motor, entered the U.S. market in 1994.

Its midsize crossover SUV Telluride and subcompact sedan Forte were its two bestselling models with 8,829 units and 7,643 units, respectively.

“Our strong September sales performance was led by record setting sales of three of our popular and capable SUVs, Telluride, Sportage and Seltos, and also marked the brand’s best-ever quarterly sales total in our 25-year history in the U.S.,” Bill Peffer, vice president of Kia Motors America, said in a statement.

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