Hyundai Archives

Cox Automotive Analysis: Hyundai Motor’s Q4 2023 U.S. Market Performance 01/26/2024 Hyundai Motor Company had a record-setting 2023 for U.S. sales as a company and individually for each of its three brands – Hyundai, Kia and Genesis. The South Korean automaker, which posted fourth-quarter and full-year financial results Jan. 25, closed 2023 as the No. 4 automaker in the U.S. as measured by vehicle sales, surpassing Stellantis, Honda and Nissan. In pre-pandemic 2019, the automaker ranked No.… Read Article

Hyundai market performance Market Insights Data Point

Cox Automotive Analysis: Hyundai Motor’s Q3 2023 U.S. Market Performance 10/25/2023 South Korea’s Hyundai Motor Company, which includes the Hyundai, Kia and Genesis brands, has been having a stellar year for growth. In 2019, Hyundai Motor ranked No. 7 in total U.S. sales. In the third quarter, it was No. 4, passing Stellantis, Honda and Nissan and lagging No. 3 Ford Motor Co. by only 66,000 units without the benefit of selling a full-size pickup truck. In… Read Article

Hyundai market performance Market Insights Data Point

Cox Automotive Analysis: Hyundai Motor’s Q2 2023 U.S. Market Performance 08/03/2023 Hyundai Motor Company, which includes the Hyundai, Kia and Genesis brands, had a stellar second quarter in the U.S. despite low inventories, particularly Kia. The automaker boosted incentives to over $1,000, while average transaction prices were up incrementally compared with a year ago. The U.S., where Hyundai Motor sells all three brands and Hyundai and Kia operate plants, is one of the most important markets for… Read Article

Hyundai market performance Market Insights Data Point

Cox Automotive Analysis: Hyundai Motor’s Q1 2023 U.S. Market Performance 04/25/2023 Hyundai Motor Company, which includes the Hyundai, Kia and Genesis brands, had a stellar first quarter in the U.S., with sales growth far outpacing the industry, despite low inventories, particularly for Kia. The automaker slashed incentives to historic lows, while average transaction prices held steady compared with a year ago. The U.S., where Hyundai Motor sells all three brands and Hyundai and Kia operate plants, is… Read Article

Hyundai market performance Market Insights Data Point

Cox Automotive Analysis: Hyundai Motor’s Q4 2022 U.S. Market Performance 01/24/2023 Hyundai Motor Company, which includes the Hyundai, Kia and Genesis brands, had a best-ever fourth quarter in the U.S. on a number of fronts, which should help the South Korean automaker’s financial results that will be announced on Thursday, Jan. 26. The U.S., where Hyundai Motor sells all three brands and where Hyundai and Kia operate plants, is one of the most important markets for the… Read Article

Hyundai market performance Market Insights Data Point

Cox Automotive Analysis: Hyundai Motor’s Q3 2022 U.S. Market Performance 10/21/2022 South Korean automaker Hyundai Motor Company, which includes the Hyundai, Kia and Genesis brands, signaled that when its third-quarter financial results are announced on Monday, October 24, they will reflect provisions equivalent to $2 billion for a major recall. The company said the provisions relate to the recalls of Hyundai and Kia vehicles equipped with Theta GDI engines with a potential defect that raises the risk… Read Article

Hyundai market performance Market Insights Data Point

Cox Automotive Analysis: Hyundai Motor America’s Quarterly Market Performance 07/20/2022 South Korean automaker Hyundai Motor, which includes the Hyundai, Kia and Genesis brands, is expected to deliver record profits when it reports quarterly earnings on Thursday, July 21. Analysts predict the automaker will earn a record $1.7 billion in operating profit as a richer product mix, reduced incentive spending and weakening Korean won are expected to offset soaring raw material costs, chip shortages and other challenges… Read Article

Hyundai market performance Market Insights Data Point

Cox Automotive Analysis: Hyundai’s Quarterly U.S. Market Performance 05/13/2022 South Korean automaker Hyundai Motor, which includes the Hyundai, Kia and Genesis brands, posted a better-than-expected rise in its first-quarter profit as favorable exchange rates more than made up for higher raw material costs and a drop in vehicles sales caused by the global computer chip shortage. The U.S. is one of the most important markets for the automaker. Here are some data points from Cox… Read Article

Hyundai market performance Kia Genesis Market Insights Data Point

A Segment is (Re)Born 06/03/2021 Update – As speculated in the April 14 article on the rebirth of the compact truck segment, Ford confirmed today that it is adding an all-new compact pickup called Maverick to its Built Ford Tough lineup. The company will debut the 2022 Ford Maverick on its new U.S. TikTok channel on Tuesday, June 8. Prior to the reveal of the Hyundai Santa Cruz and Ford Maverick,… Read Article

Ford Hyundai Santa Cruz compact pickup trucks Maverick Market Insights Data Point

In a Tough Year, Hyundai Wins 12/14/2020 The global pandemic has played havoc on the U.S. economy and the automotive market, with a forecast of 14.3 million new-vehicle units to be sold in the U.S. this year, down roughly 3 million units from 2019. Despite lower sales across the board, certain brands fared better than others. As we wind down this rough year and consider results, one brand stands out: Hyundai. In the… Read Article

Hyundai Market Insights Data Point