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| Hyundai-Kia Grabs Record Share of U.S. Market in August |
| 2010-09-04 |
| Hyundai-Kia Automotive Group captured its largest-ever monthly share of the U.S. auto market in August, despite falling sales. According to market researcher Autodata on Thursday, Hyundai Motor sold 53,600 cars in the U.S. last month, down 11 percent from August last year, and Kia Motors 32,500 vehicles, down 19 percent. While their sales fell, they experienced smaller drops than their rivals. The two accounted for a combined 8.62 percent share -- 5.37 percent for Hyundai and 3.25 percent for Kia. It was their third consecutive month of market share growth. Overall sales of automobiles dropped drastically in the U.S. last month. GM posted a 25 percent decline in sales and Ford 11 percent. Japanese carmakers were hardest hit, with Toyota seeing an 11 percent fall, Honda 33 percent and Nissan 27 percent. Hyundai's new Sonata defied the trend, with sales increasing by more than 3,500 from July to some 21,400 in August. It was the fourth most popular sedan in the U.S. last month, beating the Toyota Corolla and the Nissan Altima. The Kia Sorrento R also performed well, selling 9,038 units, the highest since its debut. |
| Posted by:Fred |
| #4 I have a Toyota Camry, and an Isuzu pickup, the truck's needing semi-major repair (It's worth fixing) and the Toyota is flat outstanding getting an astounding 37mpg (No it's NOT a hybrid) I'm good and would recommend both as New Car purchases, both are well over 250,000 and run very well. Preventive maintenance works. |
| Posted by: Redneck Jim 2010-09-04 23:40 |
| #3 I have a close friend who has a Kia. Based on her experience, I wouldn't buy one if you paid me to do it. Dunno anything about Hyundais. FWIW, I drive a Honda. Very satisfied. |
| Posted by: Barbara Skolaut 2010-09-04 20:14 |
| #2 It is if you are : 1) a private corporation that is NOT receiving multi-billion dollar government handouts; and 2) if the market is projected to recover at some point. The Hyundai-Kai group is likely to to grab and keep a large share of the US auto market since their cars are safe, reliable, and in many cases built in the USA -- using more American-made parts than Detroit. |
| Posted by: Shieldwolf 2010-09-04 19:11 |
| #1 Grabbing a 'record share' of a collapsing market is nothing to brag about. |
| Posted by: Anguper Hupomosing9418 2010-09-04 13:32 |