Hyundai, Kia Sales in October Grow; Sonata, Veloster Post Gains

Both Korean automakers have reason to celebrate this month. Hyundai’s October sales are up 23 percent; and Kia’s sales are up 21 percent compared to the same time last year. Hyundai sales year-to-date have exceeded all of its 2010 sales and Kia has moved more than 400,000 units – the brand’s best sales year ever.

Hyundai: Up 23 Percent, 52,402 Units Sold Hyundai sold a record 52,402 vehicles last month; year-to-date sales are 545,316 – a whopping 7088 more cars than all of 2010 combined. Year-to-date sales are up 21 percent compared to all of 2010 – 31 percent on the retail side and 11 percent on the fleet side. Retail sales were also up 27 percent compared to the same time last year. Hyundai says 37 percent of October sales achieved 40 mpg fuel ratings.

"Breaking our all-time any-time sales record set in 2010, with two months left in the 2011 calendar year, is an accomplishment we take great pride in and is clearly indicative of consumer acceptance of our bold line-up of award winning products," said Dave Zuchowski, Hyundai Motor America's executive vice president of national sales, in a press release. "The overall sales environment appears to be stabilizing, despite continued fluctuations in traditional economic indicators, and we believe those market dynamics position Hyundai well to finish the year on a strong note."

Hyundai moved 3700 Veloster three-door coupes in its first full month on sale (838 Velosters were sold during the last two weeks in September).

The all-new Accent was down in October compared to last year (4833 for 2011; 5372 2010); but is still up 464 units year-to-date. Sonata and Elantra sales continue to climb moving 18,192 (up four percent) and 13,000 (up 37 percent), respectively. Tucson and Santa Fe crossovers are also up 24 and 44 percent, respectively.

Kia: Up 21 Percent, 37,690 Units Sold October 2011 Kia sales are up 21 percent from the same time last year. It also marks the automaker’s fourteenth consecutive monthly sales record. The brand is up 35 percent year-to-date. Kia has also sold more than 400,000 units – the first time in the company’s history. Year-to-date Kia has sold 105,872 more vehicles in 2011 versus 2010.

The U.S.-assembled Sorento was the Korean automaker’s number-one-selling vehicle with a total of 10,178 sold in October. The midsize Optima remained strong selling 8616. Forte sales dropped from 5754 last October to 4712 this year, but up nearly 10,000 year-to-date. Sales of the Sedona minivan are down 633 only moving 10,178 this October.

"Kia has experienced unprecedented growth in the past 36 months and undergone a complete design-led transformation that has changed the game for us as a brand," said Byung Mo Ahn, group president and CEO of KMA and KMMG, in a press release. “In just three years we have brought nine new vehicles to market, something no other manufacturer can say."

Source: Hyundai, Kia

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