Tuesday the company announced an all-time sales record, some 60,000 units sold for the month of August. That number was a 47 percent increase of the same time last year and a 33 percent jump from July.
Hyundai says it has made sales gains year-over-year for the for last eight consecutive months.
"August was a shot-in-the-arm for the industry, and a great month for Hyundai and our dealers, with all-time sales records for the Hyundai brand, Elantra and Genesis," said John Krafcik, president and CEO, Hyundai Motor America.
The Cash for Clunkers program is being credited for some of the sales gaines. "Elantra was well-positioned to take advantage of the CARS program with its fuel-efficiency and J.D. Power Initial Quality Survey award," said Krafcik, "while Genesis, the North American Car of the Year and the most-awarded new car of 2009 with over 20 awards, continues to attract smart consumers looking for outstanding value and quality in premium market segments."
"The successful Cash for Clunkers program stimulated the auto industry in time for the summer selling season, and we will work to continue that momentum through the fall," said Dave Zuchowski, vice president of sales.