Hyundai-Kia buck truck trend, post gains in small cars

SAN FRAN -- Low gas prices could have many Americans seeking trucks and cross-overs, but that was no issue in November for Hyundai and Kia, which documented U.S. sales increases thanks to little cars such as the Hyundai Elantra and Kia Soul.
Hyundai nowadays noted marketing 60,007 automobiles last month, up 12-percent, for its greatest-ever November. Sales of Hyundai's three lowest automobiles -- the sub-compact Accent, compact Elantra and sporty Veloster hatchback -- grew a mixed 3 2% while revenue of the Tucson compact crossover, re designed in 2013, increased 90% to 6,906 models.
Kia said today it offered 45,553 automobiles in November, up 1-percent, as it ran a "Holidays on Us" promo offering interest-free loans, price reductions of up to $1,000 and no repayments for five months. The business name reported a-10% sales hit for the sub-compact Soul along with a 29 percent increase for the Sportage compact cross over, compensating to get a 37 percent fall in revenue of the Sedona mini-van, which wasn't qualified for the promotional material.
November's wholesome outcomes indicate the Usa will remain a bright spot for Hyundai Motor Group as it copes using a downturn in China. Before this year the Korean automaker, rated third in China marketshare behind Volkswagen and Gm, dropped ground to home-grown competitors, prompting adjustments in scheme.
Hyundai revenue improved 6% in the United States of America through the first 11 months of the year while Kia revenue grew 7 percent. Yet globally, the team is likely to fall short of its own target of improving deliveries 2% to 8.2 million automobiles in 2015.
After this month, the Yonhap news agency of Republic Of Korea reported to day that team Chairman Chung Mong-koo will collect 60 nationwide Hyundai and Kia revenue heads in Seoul to drive for more efficient advertising and new investments in the manufacturers.

It's possible for you to reach Gabe Nelson at [email protected].

Tags:
Dealers
Retail
Fleet
Rebates and incentives

Hyundai
Monthly U.S. Sales
Sales
Hyundai Brand
Kia
Crossover
SUV

Marketing

Read Source

30.11.2015
ID:3332

More news from this source:

1. Tell us about retail high achievers under 40
2. Suits target price-fixing parts makers
3. Soaring on the wings of the snowbirds
4. Volvo recalls 59,000 cars over software fault
5. Hyundai Ioniq targets Prius, but not in sales