Hyundai announces record sales
Published 2:10 pm Friday, August 2, 2013
Hyundai Motors America announced Thursday that it had set a new record for sales in the month of July.
The company said that it sold more than 66,005 vehicles during the month, which is 6.4 percent more than it sold during the same period in 2012.
“July was another record-breaking sales month for us and is a great way to begin the second half of the year,” said Dave Zuchowski, executive vice president of national sales. “This is a terrific time for consumers to purchase a new vehicle – industry inventories are being restored, there is ready access to competitive financing terms, and marketing activities and incentive support are running at a fevered pitch. Within that dynamic sales environment, the Hyundai brand is particularly well positioned to compete head-to-head and sustain our record-setting pace throughout the balance of these strong summer months.”
Among the company’s most popular vehicles, according to company officials are the Santa Fe and the Elantra.
Santa Fe sales increased by 48 percent compared to last July, while the Elantra saw a 29 percent increase in sales during the same period.
“It was a good month for Hyundai, with an all-time record July and two big milestones – we sold our two-millionth Sonata and our one-millionth Santa Fe,” said John Krafcik, president and CEO of Hyundai Motor America. “Our plants continue to push to restock our dealers, with vehicles like our new 2014 Equus now hitting Hyundai showrooms. Inventories on our best-selling models, such as Elantra, Sonata and Santa Fe, remain leaner than we’d like, with just 30 days of stock on hand of these core volume products.”
Greenville-based Hwashin America and Hyundai Hysco are both Tier I suppliers for Hyundai.
In March, Hwashin announced a $25 million, 100,000 square foot expansion at its Greenville facility.
According to Josh Simmons, Hwashin Human Resources Manager, the expansion will allow the company, which produces chassis and body components for Hyundai and Kia, to add production and welding lines to accommodate the increased demand for parts for Hyundai’s Sonata, Elantra and Santa Fe.
Simmons said the expansion will also create 30 new jobs at the facility, which already employs approximately 600 people.
“Hyundai and Kia are both growing and expanding,” Simmons said. “In order to keep up with the demand for their vehicles, we’re having to expand our production and that’s going to create jobs, and that’s great for our community.”