Hyundai Extends Trend with Hot October SUV Sales
Hyundai Motor America sold 53,025 vehicles in October — 15 more than it sold during the same month last year. Thanks to continued hot demand for SUVs, Hyundai has now enjoyed sales growth for five out of the last six months.
Breaking down the numbers, 52,653 of those sales were for Hyundai vehicles, an increase of 3% over last October. Only 372 were for Genesis, a 79% decrease as sales continue to slide amid a period of transition for the luxury brand. Overall, retail deliveries were up 8%, although fleet sales declined 22%.
“Hyundai and all of our dealer partners are laser-focused on retail sales, and we were pleased to achieve an 8% increase in a month we anticipate the retail industry will be down overall,” said John Angevine, the national sales director for Hyundai Motor America.
Hyundai sales were once again driven by rising demand for SUVs and crossovers. Not only were Hyundai’s SUV sales up 8% over the same period last year, but they also set a new monthly sales record. Overall, retail SUV sales made up 49% of total volume last month compared to 40% in October 2017.
Four Hyundai vehicles achieved sales increases for October. The best overall performer for the month was the Elantra. It sold 18,312 units for a 24% increase over October 2017. The Elantra also notched its sixth monthly sales increase in a row.
The Tucson continued its hot streak, setting its 20th straight monthly sales record. Its 11,493 units sold represent a 32% increase over last October.