Hyundai Motor poised to rank No. 3 in US quarterly sales, closing in on Ford
Hyundai Motor Group is poised to overtake Ford Motor in quarterly vehicle sales in the United States for the first time, underscoring the growing presence of the Korean automaker in the world’s largest auto market. Cox Automotive estimates the group’s three auto brands — Hyundai Motor, Kia and Genesis — will sell 511,421 vehicles in the U.S. between July and September, up 6.5 percent from a year…
Hyundai Motor Group is on track to overtake Ford Motor Company in U.S. quarterly vehicle sales for the first time, according to market forecasts. The Korean automaker's three brands - Hyundai Motor, Kia, and Genesis - are expected to sell 511,421 vehicles in the U.S. between July and September, marking a 6.5 percent increase from the previous year.
In contrast, Ford is projected to sell 504,172 vehicles, a 7.1 percent decline. If these projections hold true, Hyundai Motor Group would rank third in U.S. quarterly sales, behind General Motors and Toyota. This shift in sales positions Hyundai as the first Korean automaker to surpass Ford in quarterly vehicle sales. The growth is attributed to the increasing consumer preference for fuel-efficient vehicles due to high gasoline prices, an area where Hyundai has been actively expanding its hybrid lineup.
Ford, on the other hand, sells significantly fewer hybrid or fuel-efficient vehicles in the U.S. market.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
