Sign in to follow this  
Followers 0
Drew Dowdell

Sales: June 2012 - Hyundai

2 posts in this topic

 

HYUNDAI MOTOR AMERICA REPORTS JUNE AND MID-YEAR SALES


 

  • Beats all-time sales record for the first half of the year
  • Best June ever
  • Equus has best month ever

COSTA MESA, Calif., July 3, 2012 – Hyundai Motor America, the most fuel-efficient automaker in the U.S., today announced an all-time June sales record of 63,813 units, up eight percent over last year’s all-time June record. Retail-only sales were up nine percent. For the first half of the year, sales are up 10 percent to a record 356,669 units, with retail sales up 13 percent.
“Despite a slight softening in May and June from the surprisingly strong industry retail sales pace for the first four months of the year, the Hyundai brand continues to build retail sales momentum and consistently achieve all-time monthly volume records,” said Dave Zuchowski, executive vice president of sales. “We expect continued sales growth during the robust summer selling season, with help from three recent and extremely exciting new additions to our line-up of industry-leading fuel-efficient vehicles: our all-new Veloster Turbo, the Elantra GT and Elantra Coupe.”
The all-new Azera, recently named an IIHS’ Top Safety Pick, continued its strong sales pace resulting in a 350 percent gain over last June. Accent and Sonata saw sales gains of 57 percent and 12 percent respectively, over the same period a year ago. Elantra sales declined 12 percent purely as a function of very low inventory levels, with just 8,160 Elantra sedans in dealer stock nationally at month-end. Hyundai’s family of premium products, Genesis and Equus, continue to deliver outstanding sales results finishing the month up 11 percent. Contrary to industry trends this month, Hyundai fleet sales and mix were once again down from last year, to an 11 percent mix for the month and a nine percent mix year-to-date, among the lowest in the industry.

 



In keeping with its industry-leading fuel efficiency status, Hyundai achieved a corporate average fuel economy level of 37.0 MPG (28.5 MPG label value) in June, while selling 24,140 vehicles (38 percent of total sales) with 40 MPG window label highway fuel economy ratings.


“June was another month for us to salute the dedicated Hyundai manufacturing teams for their efforts to keep up with consumer demand, and our hard-working dealers for their efforts matching consumers with light on-ground and inbound inventory,” said John Krafcik president and CEO of Hyundai Motor America. “With retail inventories of just 28 days, we’re doing our best to meet demand and appreciate the patience of Hyundai shoppers looking to put a new Hyundai in their driveway.”



Click here to view the article

 

 

CARLINE

JUNE/2012

JUNE/2011

CY/2012

CY/2011

ACCENT

5,660

3,612

36,470

24,018

SONATA

20,931

18,644

117,412

115,014

ELANTRA

17,655

19,992

97,769

103,301

SANTA FE

6,703

7,987

34,440

34,821

AZERA

1,001

222

3,166

1,095

TUCSON

4,231

4,406

23,833

23,537

VERACRUZ

671

976

3,783

4,165

VELOSTER

3,232

n/a

18,829

n/a

GENESIS

3,374

3,149

18,982

15,454

EQUUS

355

221

1,985

1,392

TOTAL

63,813

59,209

356,669

322,797

 

0

Share this post


Link to post
Share on other sites

Interesting, Genesis sales seem to have flattened off....

Veloster is an interesting product with a few "rough edges"

0

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0



  • Similar Content

    • By William Maley
      Sales of new cars have been reaching all-time highs and part of the reason comes down leases. The Detroit News reports that nearly one in three vehicles built for the U.S. is leased. Data from Edmunds shows 2.2 million vehicles were leased in the first half of 2016. Not only is this up 13 percent from the same time year, it is double the volume from 2011. Steven Szakaly, chief economist for the National Automobile Dealers Association tells the Detroit News there is plenty of space for more leases.
      “I think this could easily be 40 percent of the market,” said Sazkaly.
      Why have leases become popular? It comes down to the monthly payment. Compared with payments for auto loans, lease payments are on average 23 percent less. Leasing is also a popular option for younger folks. Jessica Caldwell, analyst for Edmunds says the reason is leasing is like a cell phone contract; low monthly payments and knowing that you can get into a new car in a few years.
      But while leasing is helping new car sales, some analysts are worried this could cause used car prices to go down. Why? A glut of turned in leased vehicles will flood the used car market, causing prices to be slashed to move metal.
      “They’ll swamp the market, they’ll force residuals down,” said Sean McAlinden, chief economist for the Center for Automotive Research.
      The increase in leasing is already having an effect on used car values. Tom Webb, chief economist for Cox Automotive Inc., said 2.55 million vehicles came off lease last year. That number will increase to 3.1 million this year. Automakers are now figuring out ways to sell this glut of vehicles while keeping values up.
      Source: The Detroit News

      View full article
    • By William Maley
      Sales of new cars have been reaching all-time highs and part of the reason comes down leases. The Detroit News reports that nearly one in three vehicles built for the U.S. is leased. Data from Edmunds shows 2.2 million vehicles were leased in the first half of 2016. Not only is this up 13 percent from the same time year, it is double the volume from 2011. Steven Szakaly, chief economist for the National Automobile Dealers Association tells the Detroit News there is plenty of space for more leases.
      “I think this could easily be 40 percent of the market,” said Sazkaly.
      Why have leases become popular? It comes down to the monthly payment. Compared with payments for auto loans, lease payments are on average 23 percent less. Leasing is also a popular option for younger folks. Jessica Caldwell, analyst for Edmunds says the reason is leasing is like a cell phone contract; low monthly payments and knowing that you can get into a new car in a few years.
      But while leasing is helping new car sales, some analysts are worried this could cause used car prices to go down. Why? A glut of turned in leased vehicles will flood the used car market, causing prices to be slashed to move metal.
      “They’ll swamp the market, they’ll force residuals down,” said Sean McAlinden, chief economist for the Center for Automotive Research.
      The increase in leasing is already having an effect on used car values. Tom Webb, chief economist for Cox Automotive Inc., said 2.55 million vehicles came off lease last year. That number will increase to 3.1 million this year. Automakers are now figuring out ways to sell this glut of vehicles while keeping values up.
      Source: The Detroit News
    • By William Maley
      The Hyundai Santa Cruz has been a source of wonder - will they put into production or not? For the longest time, Hyundai's U.S. office say they wanted to do it, but it was the home office that had to make the final call. It seems we have a final decision.
       
      “We have made the decision. We have not made the announcement,” said Dave Zuchowski, president and CEO of Hyundai Motor America to Motor Trend.
       
      That decision is a yes.
       
      Zuchowski said they are busy at work on a production version. The Santa Cruz's design went in for a review earlier this month and they are close to finalizing it. The production model is expected to use the same platform as the Tucson and could use either a gas or diesel engine. Hyundai is working on a new four-cylinder diesel for the Genesis brand in Europe. Zuchowski said the diesel is possible for both the Santa Cruze and Santa Fe.
       
      But can Hyundai succeed with a car-based pickup? Subaru failed with the Baja from mid-2000s, while Honda is giving it another try with the second-generation Ridgeline. Zuchowski believes they can if they execute it and price it right.
       
      Motor Trend says to expect the Santa Cruz in 2018 as a 2019 model.
       
      Source: Motor Trend


      Click here to view the article
    • By William Maley
      The Hyundai Santa Cruz has been a source of wonder - will they put into production or not? For the longest time, Hyundai's U.S. office say they wanted to do it, but it was the home office that had to make the final call. It seems we have a final decision.
       
      “We have made the decision. We have not made the announcement,” said Dave Zuchowski, president and CEO of Hyundai Motor America to Motor Trend.
       
      That decision is a yes.
       
      Zuchowski said they are busy at work on a production version. The Santa Cruz's design went in for a review earlier this month and they are close to finalizing it. The production model is expected to use the same platform as the Tucson and could use either a gas or diesel engine. Hyundai is working on a new four-cylinder diesel for the Genesis brand in Europe. Zuchowski said the diesel is possible for both the Santa Cruze and Santa Fe.
       
      But can Hyundai succeed with a car-based pickup? Subaru failed with the Baja from mid-2000s, while Honda is giving it another try with the second-generation Ridgeline. Zuchowski believes they can if they execute it and price it right.
       
      Motor Trend says to expect the Santa Cruz in 2018 as a 2019 model.
       
      Source: Motor Trend
    • By William Maley
      Collaborations between automakers and tech companies are becoming commonplace as self-driving vehicles and a sharing economy are starting to enter the limelight. Doing either one of these alone is difficult and it appears one automaker is realizing this.
       
      Bloomberg reports that Hyundai is in talks with Google about a possible partnership. Hyundai Motor President Jeong Jin Haeng said in an interview the two companies share some "common areas that may require cooperation". One of those common areas is autonomous technologies. Both Hyundai and Kia are lagging far behind when it comes to this. It doesn't hurt that former Hyundai USA CEO, John Krafcik heads up Google's autonomous vehicle program.
       
      “Hyundai is lagging behind the competition to develop autonomous vehicles. It’s not a choice but a critical prerequisite for Hyundai to cooperate with IT companies, such as Google, to survive in the near future,” said Ko Tae Bong, senior auto analyst at Hi Investment & Securities Co.
       
      Source: Bloomberg
  • Who's Online (See full list)

    There are no registered users currently online