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 surpass Ford Motor in quarterly vehicle sales in the United States for the first time, highlighting the Korean automaker's expanding footprint in the nation's largest auto market. According to Cox Automotive, Hyundai'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 year-over-year.
In contrast, Ford is forecasted to sell 504,172 vehicles, a 7.1 percent decline, according to the research firm's latest prediction.
If the projections prove accurate, Hyundai Motor Group would claim the third spot in U.S. quarterly sales, trailing General Motors with 671,706 vehicles and Toyota Motor with 642,707. This would be the first time the Korean group has outpaced Ford in a quarterly sales race. The shift in sales dynamics is attributed to U.S. consumers' growing preference for fuel-efficient vehicles as gasoline prices rise.
Hyundai Motor Group is leveraging this market condition, intensifying its push for hybrid lineups in the U.S. However, Ford has significantly lagged behind in selling hybrid or fuel-efficient vehicles in the same 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.
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