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Contrasting US sales for Kia-Hyundai group in July!
Hyundai Kia Automotive Group’s two automakers – Hyundai Motor Co. and Kia Motors Corp. – recorded contrasting sales in the United States and Korea during July.
Last month, the group’s smaller automaker Kia saw its sales rise by 1 percent from the same month last year when the company’s U.S. monthly sales reached the highest levels since 1994. Hyundai’s sales fell by 7.8 percent despite the sales increase of 5.4 and 15.9 percent recorded by the mid-sized sedan Sonata and the minivan Entourage.
In contrast, Hyundai’s domestic sales in July rose by more than 80 percent from the same month last year and maintained over a 50 percent market share for the fifth consecutive month while Kia’s domestic sales fell by 5.1 percent.