Hyundai’s U.S. sales rise 5% in September
Thu Oct 01 2020
Mark Cooper (1894 articles)

Hyundai’s U.S. sales rise 5% in September

South Korean automaker Hyundai Motor Co 005380.KS said on Thursday its U.S. sales rose 5% in September, led by a quick recovery in demand for its high-profit SUVs.

The automaker said sales in September rose to 54,790 vehicles, compared with 51,951 units in the same month in 2019.

Sales volume for Hyundai’s Palisade and Santa Fe SUVs jumped 38.5% to a total of 16,307 vehicles.

Consumer demand for high-profit SUVs and pickup trucks in the United States has recovered rapidly since spring after hitting a pandemic-fueled bottom in April, pushing automakers to ramp up production and boost lean inventories at dealerships.

Hyundai’s third-quarter sales, however, fell 1% to 170,828 vehicles.

Mark Cooper

Mark Cooper

Mark Cooper is Political / Stock Market Correspondent. He has been covering Global Stock Markets for more than 6 years.

Discussion

Rules of Discussion on Live Index

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.