Hyundai Retail Tops Fleet

By Staff Writer July 02, 2020

Hyundai Motor America reported total June sales of 50,135 units, a 22 percent decrease compared with June 2019. Retail sales grew 6 percent despite the ongoing economic challenges. It is the second straight month the company has recorded increasing year-over-year retail sales. Fleet sales were down 93 percent and represented only 2 percent of total volume.

Hyundai sold 48,935 retail units in June, with SUVs representing 69 percent of the total retail mix. Hyundai SUV retail sales grew 34 percent with the flagship SUV Palisade establishing a new overall and retail monthly sales record. Santa Fe retail sales were up 14 percent and Kona retail sales increased by 1 percent.

For the second quarter, Hyundai sold 141,722 total units, a 24 percent decline and 134,122 retail units, a 5 percent decline compared with Q2 2019. During the first half of the year, Hyundai sold 272,597 total units, an 18 percent decline and 248,184 retail units, a 3 percent decline compared with the first half of 2019.

“Thanks to our dealers’ quick action to meet an uptick in customer demand, Hyundai enjoyed the second straight month of increased retail sales,” said Randy Parker, vice president, National Sales, Hyundai Motor America. “We achieved the highest retail market share gains on the year through May. By continuing to manage incentive spending responsibly and well below the industry average, I fully anticipate outperforming the market again.”

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Last modified on Thursday, 02 July 2020 14:01