September 05, 2014 11:07
Hyundai and its affiliate had their second best month in terms of sales last month in the U.S., although their market share dropped below 8 percent for the first time in five months.
The Korean automakers on Thursday said that their combined sales in the U.S stood at 124,670 units in August, up 5.5 percent from a year earlier. Hyundai sold 70,003 cars and Kia sold 54,667. They had their best month ever in May with combined sales of 130,994 units.
Hyundai and Kia said that sales have increased largely due to a couple of new models released this year, such as Hyundai's LF Sonata and new Genesis, and Kia's K5 and Soul.
However, their combined share of the U.S. market dropped to 7.9 percent last month. GM took the top spot with 17.2 percent, followed by Toyota (15.5 percent), Ford (14 percent), Chrysler (12.5 percent), Honda (10.5 percent) and Nissan (8.5 percent).
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