Hyundai Sales Bounce Back in October
After a tough September, Hyundai turned things around for October — moving 57,094 vehicles and scoring an 8 percent U.S. sales increase compared to the same month in 2018.
With a 12 percent increase, retail numbers were up even more for Hyundai. Both retail and overall numbers were driven by soaring SUV sales. More than 56 percent of Hyundai’s total sales for October came from SUVs, along with 60 percent of retail sales. With 32,140 units sold, it was the automaker’s best October ever for SUV numbers.
“We are off to a quick start to the fourth quarter of 2019, and we anticipate another month with increasing Hyundai market share,” said Randy Parker, Hyundai Motor America’s vice president of national sales.
The Full Lineup: Learn more about each of Hyundai’s cars and SUVs
Among individual SUV models, the Santa Fe SUV gained 42 percent compared to October 2018, selling 10,964 units. The Kona was up 27 percent with 5,514 sold. Tucson sales were down 1.7 percent to 11,288, but retail sales for the SUV were up 16 percent. The all-new Palisade continued to post strong numbers, notching 4,357 sales for the month.
Hyundai’s fastest-growing car model was the eco-friendly Ioniq, which set a new October record with 2,769 sales — a 153 percent increase. Sales for the Accent grew 15 percent to 1,706. The Elantra fell more than 25 percent with 13,583 units sold, and the Sonata and Veloster also posted losses.
Over the first 10 months of the year, Hyundai has sold 563,450 vehicles, putting it 3.3 percentage points ahead of its 2018 sales performance.
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