Hyundai Motor America June Sales Down -12.9%

Hyundai Motor America reported total June sales of 63,091 units, a -12.9% decrease compared with June 2021. June retail sales declined -5.5%. Based on preliminary data, it looks like industry wide sales will decline ~-20%. (US June Vehicle Sales Forecast is Down on Record Prices)

June was the highest sales month in 2022.Hyundai sold 184,191 units in Q2 and 343,867 units during the first half of 2022. Hyundai had no fleet sales in the first half of 2022.

Click to Enlarge the numbers, not the sales.

“Our dealers are selling everything they get, and we are continuing our efforts on growing (sic)  market share,” said Randy Parker, senior vice president, national sales, Hyundai Motor America.

New all-time best Q2 records were set for Tucson HEV, Veloster N, Palisade and Nexo with SUVs representing 76% of the total retail mix. Hyundai Green sales of 7,886 represented 12.5% of retail (+6%). Hyundai had no fleet sales in the first half of 2022.

Q2 at a Glance

• Hyundai sold 184,191 units in Q2 and 343,867 units in the first half.
• New all-time best Q2 records were set for Tucson HEV, Veloster N, Palisade and Nexo with SUVs representing 76% of the total retail mix.
• Hyundai Green sales of 7,886 represented 12.5% of retail (+6%).

In related news from the same Korean conglomerate, Kia America today announced June sales of 65,142 units, an increase of +12% month-over-month. In addition, Kia claimed it captured its largest share of market ever beating the previous high achieved in July 2021.