April 19, 2024
Automobiles
Hyundai, Kia sales drop 11% in US
[THE INVESTOR] Hyundai Motor and its smaller affiliate, Kia Motors, saw their combined sales in the US drop 11 percent in March, industry data showed on April 4.
The two South Korean auto giants sold a combined 118,694 units in the US last month, down from 133,589 units sold in the same period last year, according to company data. Kia’s sales suffered a 15 percent fall while Hyundai’s dropped 8 percent, the data.
Kia’s sales totaled 49,429 units in March, down from last year’s 58,279. All models suffered falls, but some of the best-selling ones saw bigger drops, such as the boxcar Soul and minivan Sedona, whose sales fell 30 percent and 35 percent, respectively.
Hyundai’s total sales fell to 69,265 units from last year’s 75,310, led by a 47 percent drop in the Sonata sedan.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The two South Korean auto giants sold a combined 118,694 units in the US last month, down from 133,589 units sold in the same period last year, according to company data. Kia’s sales suffered a 15 percent fall while Hyundai’s dropped 8 percent, the data.
Kia’s sales totaled 49,429 units in March, down from last year’s 58,279. All models suffered falls, but some of the best-selling ones saw bigger drops, such as the boxcar Soul and minivan Sedona, whose sales fell 30 percent and 35 percent, respectively.
Hyundai’s total sales fell to 69,265 units from last year’s 75,310, led by a 47 percent drop in the Sonata sedan.
By Alex Lee and newswires (alexlee@heraldcorp.com)
