Hyundai Motor Group sold an all-time high of 174,043 cars in the United States last month. Specifically, the sales volume of Hyundai Motor Co. increased 59 percent year on year to 93,745 and that of Kia increased 75.3 percent to 80,298.
Last month, their U.S. market shares were 5.9 percent and 5.1 percent, respectively. The group’s U.S. market share exceeded the previous high by a margin of 0.9 percentage points in exactly a decade. In addition, Kia’s share topped 5 percent for the first time ever. In March and April, the group sold 144,932 and 150,994 cars in the United States, respectively. These were also all-time highs and the group’s U.S. market share was 10 percent in April this year.
Meanwhile, the share of GM fell to 10.1 percent last month, down 22.4 percent from the previous month and down 27.1 percent from a year ago. Toyota’s share fell from 15.7 percent to 15.2 percent last month, when Honda’s sales volume dropped 19.6 percent from a year earlier. Hyundai Motor Group is planning to invest US$7.4 billion in the United States until 2025 and this investment is expected to help it further raise its share.