Hyundai Retail Sales Grow

By Staff Writer June 03, 2020

Hyundai Motor America reported total May sales of 57,619 units,  with retail sales growing 5 percent in May despite the COVID-19 pandemic. Fleet sales were down 79 percent and represented 5 percent of total volume and a 13 percent decrease compared with May 2019. Hyundai’s total monthly sales results were significantly better than industry predictions that forecasted a 33 percent decline in May.

Hyundai sold 54,719 retail units in May, a substantial increase of 80 percent compared with the prior month, April 2020. Hyundai's SUVs represented 71 percent of the total retail mix, an all-time high. Tucson set an all-time monthly retail sales record, selling nearly 15,000 units for an increase of 23 percent. Santa Fe retail sales were up 1 percent and Palisade established a new overall and retail monthly sales record.

“We were able to achieve a remarkable retail sales rebound thanks to our dealer partners, implementation of digital retail tools and providing customers with the right offers,” said Randy Parker, vice president, national sales, Hyundai Motor America. “Our inventory pipeline is in a good place as Hyundai Motor Manufacturing Alabama has been up and running since May 4.We’re optimistic for the months ahead.”

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Last modified on Wednesday, 03 June 2020 14:34