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Hyundai-Kia market share tops 6% in US, overtakes Nissan
Hyundai-Kia Automotive Group is celebrating a storming month of June sales at over 78,000 vehicles sold, achieving its highest ever monthly vehicle market share in US. It has happened for the first time that the automaker topped the 6 percent market share since its inaugural launch 22 years ago.
Hyundai Motor America sold more than 50,000 vehicles last month achieving yet another milestone in its history. Thanks to massive demand for fuel efficient sedans, Hyundais sales has increased to record high 50,033 units. Sales of Accent compact went up 70%, while sales of Elantra jumped 50% to 14,482. Mid-sized Sonata sold 16,875 units in June, up 12 percent from last year and 24 percent from May.
Record high monthly sales was also reported by Kia Motors America. The company has announced its best June sales ever with sales topping 28,292 units. Together with Hyundai, the company sold exactly 78,325 vehicles through June 2008. The number represents a +3,5% increase compared to June 2007. Considering the overall US auto sales dropped by 16.5 percent last month, the growth of 3,5 percent year-on-year is quite an admirable achievement.
The Hyundai-Kia Automotive Group has accelerated past another road marker last month as its June 2008 sales overtook rival Nissan for the first time. Nissan North America Inc. reported sales off nearly 18% from last year. The Japanese company sold 75,847 units in US last month, compared to 78,325 units sold by Hyundai-Kia group.
HAHAHAHAHAHAHAHAHAHAHAHA!!!! The only companies whose sales are up are Kia, Hyundai, Subaru, Volkswagen, and for some very strange reason, Honda. All I can say to the american companies (and mazda, and toyota(mostly mazda) is WHY EVEN BOTHER YOU MISERABLE B@$*@%S!! I give you two middle fingers up!!!
I see that Toyota Motors is down 9.4% through June of ’08 compared to last year through June. Nice to see, why Toyota has to bore us continually with their product is my question of the morning here from sunny SE Arizona. I continue to read of people digging the Nissan product. The new Rogue small SUV is making small ripples through the industry. I just don’t really like their Maxima, or even the smaller Sentra that much. If anything, the Renault-inspired Versa is more a cool Nissan offering to me. No, the better vehicles come from the Kia side of the pond, not from Nissan. Of course, I am a huge Mitsubishi fan as well. Through Mitsu and Kia I can find any automotive product I desire and be totally smitten with it. Truedat! Nice to see Kia’s(and Hyundai’s)continued success. With the new larger sedan from Kia, Borrego(though I am really not sure how a big monster like Borrego will go over right now in the industry, but, oh well, a small niche product success could be possible), a re-styled Sportage in the works, a beautiful new Forte small sedan(love that car)and the funkified Soul and re-styled Optima, Kia looks to be set. Their sales should only grow…it appears the rest of America is starting to wake up and smell the Kia roses with much more verve and intelligence! It took a while, I have been their constant supporter since I bought my ’99 Kia Sephia in May of 1999. The ’01 Sportage attained a spot in my driveway in Sept. of ’01through a trade for the Sephia. Though I only own a 2008 Mitsubishi Lancer GTS right now, a return to the Kia fold looms always as a strong possibility. To have a talented auto body designer such as Peter Schreyer in ‘da house the possibilites of excellent new cars coming through the pipeline are as strong as Gary Payton swiping the ball from Michael Jordan and streaking down towards the Sonic basket, then gently kissing the layup off the glass for another two Seattle points.
Other than Maserati, Kia had a higher increase than ANY other manufacturer!
Kia only sold well with Spectra and Rio. They offered huge rebates.
The Toyata is probably down with a lot of their gas guzzlers, SUVs. But their other small cars probably did very well.
Honda Civic did well.
I’m suprised to hear that VW did well with the oversized engines? 2.5 in Jetta? The sales people must have lied to them, but make no mistake the only cars that are selling well are the 1.8 and 2.0. Kia happened to have two good ones.
Still good news for Kia. So far I’m very pleased with my Spec5. I looked at all of them.
good to see toyota is slowly (alrite, rapidly) on the way to doom… YAY! 😛
well here in australia toyota has held top spot for a lot of years 25+ but slowly but slowy people are looking at hyundai and kia i own a 2001 rio hatch and my daughter has bought a 2008 kia rio hatch because they are absolute value for money with a fantastic warranty i wont buy anything else but kia if i was mr toyota i would be very worried
Kia is up because of high quality, long warranty, and lower service cost. Simply put, they are building great cars.
2.5 in Jetta is too small if you ask me. The top two selling cars were Spectra and Optima.
The Jetta engine is WAY too big. People forget that the Jetta is a “compact” don’t let the chrome grill and leather”ette” confuse you. The next gen will be better targeted and priced at it’s compact competitors from my understanding.
Nissan is one of my favorite car companies but like most Japanese companies they lost their ways to be more “American” with more SUVs and trucks and less cars, compacts especially. The Sentra needs to be redesigned and needs to have a 2dr coupe option like it did in the past.
KIA will continue to grow as they have a solid product and now have passion and style.
Nissan is working on an interesting new coupe that is called a “successor to the 240SX.” It will be small, sporty and light. And Toyota is working on a new sport coupe as well, not the planned Supra successor, but a small, sporty, inexpensive($18,000 max)sport-coupe that will offer a 1.6L engine. If you haven’t heard about these the press will be writing more articles in the next 6 months on these cars. The closest thing Kia has to these is of course their new “Forte Coupe” or the new Kia Koup that we mostly know it by. Anyhow, with gas prices as they are I think that both Toyota and Nissan are smart to offer these “econo” sport coupes for sale in the neat future. With Toyota’s reputation, this new mini-sport-coupe will no doubt sell like hotcakes for them. And Scion wasn’t mentioned as the sales arm for this new little coupe, it’s gonna be made a Toyota to be sold a Toyota. BTW-Nissan is determined to get their small sporty coupe out before Toyota does. The Nissan coupe will be to NA by early ’09 IIRC. You’l lbe seeing more about these two in the coming months in the car mags and on the net, rest assured.
rest assured? with a light weight 1.6L coupe coming from toyota? that too at $18,000! Its gonna be a deadly war between Kia and toyota! Then on the other hand… toyota doesnt really have a rep for ‘sporty’ cars. And I dont think many are interested in Nissans now so Maybe Kia is safe.
Oh, the AE86 Toyota coupe is being worked on jointly with Subaru, BTW, and it will come in around $20,000. Found that out on Edmunds yesterday. And that car will not be out until 21010, and, Subaru may very well be the carmaker the sport coupe is sold under, not Toyota. So Kia will beat that pup to market by a year or so! Good news! I’d get the Forte Koup if I wanted a coupe, especially not if it’s gonna be sold as a Subaru. Yukko! I can’t stand Subaru!
Yikes, I meant 2010 for the AE86 Subaru/Toyota joint venture coupe! As if we really care that much about either a Toyota or a Subaru product. I know I do not! It’s either Mitsubishi or Kia for this hombre.
Well, still after these numbers, Toyota still sold 2.5 times more cars and trucks than Kia/Hyundai with NO REBATES (at least up to June 2008) and Toyota remains a much, really much more desirable car than any of the cheap Korean brands.If people buy any Hyundai or Kia, is because they don’t know anything about cars or because they are looking for the cheapest transportation available-sacrificing quality.Those are the facts.
Lol Charles! Have you ever evaluated anything using your own brains, rather than going by the general perception? Your statement about why people buy Hyundai or Kia speaks to your own ignorance of Car qualities and the consumer psychology. There is something called “Value for Money” – which is what these cars provide – comparable high quality at reasonable prices. How do I know? I have a 2002 Sonata, still going strong, with 109K miles on it, with only routine maintenance on it. And I have heard of many, many real owners with similar stories.
We had a 2004 Spectra with 625,000 miles on it, so don’t even try to say that Kia doesn’t have quality. Idiot.