FOUNTAIN VALLEY, CA - To say Hyundai Motor America is having a good year would be an understatement. Tuesday the company announced sales of 54,106 vehicles in July, a 19 percent increase compared with the same period a year ago. The numbers represent an all-time sales record for the month of July and marks only the fourth time Hyundai has surpassed 50,000 units in a month.
The redesigned Sonata produced at the company's plant in Montgomery continued selling at a record pace, while its stable mate Tucson saw sales soar more than 200 percent for the fourth month in a row.
Year to date, Hyundai sales are up 24 percent versus 2009, a performance that represents an all-time record for the first seven months of any year.
"Although consumer confidence has dipped for a second month in a row, Hyundai continues to buck this trend," said Dave Zuchowski, Hyundai Motor America's vice president of national sales. "Consumer demand continues to significantly out-strip product availability at Hyundai dealerships. We remain very bullish about our prospects for the second half of this year as we substantially increase production to improve vehicle supply while launching four new products over the next five months."
On a year-over-year basis, Elantra, Sonata and Tucson sales increased 34, 33 and 234 percent, respectively. Genesis sales continued at a brisk pace thanks in part to its mid-luxury segment-leading 53 percent residual value, exceeding such strong competitors as BMW 5 Series, Mercedes-Benz S Class, Infiniti M37 and Lexus GS.