Hyundai and Kia Top 160,000 U.S. Sales in October
The share of eco-friendly vehicle sales by Hyundai Motor and Kia in the U.S. market reached 34%, setting a new all-time high. Growth in both hybrid vehicles and electric vehicles lifted total sales to the highest October level on record.According to Hyundai Motor Group on Nov. 4, Hyundai Motor and K
Hyundai and Kia achieved a combined 160,083 vehicle sales in the U.S. market during October, marking a 9.5% increase compared to October 2022. Hyundai Motor, including Genesis, sold 80,075 units, whereas Kia recorded 80,008 units, representing a significant surge of 16.0%. Both companies established new October sales records, with Kia continuing its streak of record monthly sales for six consecutive months.
Eco-friendly vehicles played a pivotal role in these results, with combined sales by Hyundai and Kia rising by 56.0% to 54,505 units. Hybrid vehicle sales jumped 56.1% to 48,559 units, while electric vehicle sales surged 55.1% to 5,946 units. Kia's eco-friendly vehicle sales experienced an impressive 111.9% increase, surpassing the 30,000-unit monthly mark for the first time since entering the U.S. market.
Hybrid sales climbed 105.6% to 27,409 units, and electric sales rose 174.2% to 3,649 units, with the EV9 and EV6 models showing notable growth of 111% and 58%, respectively.
Hyundai Motor contributed to the overall eco-friendly performance, with hybrid sales increasing 19.0% to 21,150 units. Among key models, the Santa Fe SUV saw a 52.2% increase, while the Elantra, Kona, and Ioniq 5 models experienced growth in the 10%-20% range. The Palisade also rose by 14%. Kia's Telluride led growth with 14,009 units, up 63.4%, and the Seltos and Carnival saw increases of 43.2% and 17.4%, respectively, along with double-digit growth for the K4 and Sportage models.
However, luxury brand Genesis faced a decline, with sales falling 5.6% to 6,623 units. The GV80 SUV saw a 19.4% drop, impacting the overall performance. Hyundai Motor North America CEO Randy Parker emphasized that a 9% increase in retail sales highlighted consumers' growing preference for Hyundai Motor vehicles. In comparison, Toyota posted 221,507 units in the U.S. market, up 5.7%, while Honda rose 8.0% to 119,952 units, indicating a positive growth trend alongside Hyundai and Kia.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
