MONTGOMERY, AL (WSFA) - Just when things couldn't get any better for Hyundai Motors, sales reports indicate another stellar month for the Korean automaker. More than 58,500 Hyundai vehicles found owners in the month of August. That's a sales increase of more than nine percent over the previous year.
Figures are even better when compared month over month. August 2011 saw more than 21 percent higher sales than August 2010.
The company, which builds the popular Sonata and Elantra sedans at its Montgomery plant, said 35 percent of its vehicles sold in August achieved 40 MPG fuel economy ratings.
Hyundai now achieves a corporate average fuel economy level of 36.2 MPG in August, and 35.8 MPG for the year-to-date, while selling an industry-leading 20,600 vehicles (Elantra sedan, Sonata Hybrid, and 2012 Accent) with 40 MPG fuel economy ratings.
"It's no coincidence that our 40 MPG cars are among the hottest cars in the industry, with Accent and Elantra both running single-digit days-supply levels," said John Krafcik, Hyundai Motor America's president and CEO. "With Veloster, our fourth car with a standard 40 MPG fuel economy rating beginning sales in September, we'll take this recipe into the sporty coupe segment, where we expect a similarly warm reception from American car-buyers."
"Demand for Hyundai products remained strong in August despite severe fluctuations in financial markets and the resulting impact on short-term consumer confidence," said Dave Zuchowski, Hyundai Motor America's executive vice president of national sales. "We're still seeing consumer demand increasing, with Hyundai consideration rates now at an all-time high. This should drive continued sales momentum for Hyundai through the rest of the year, even if the industry struggles a bit."
INFORMATION SOURCE: Hyundai Motors