Hyundai Motor, Kia Motor Sales in US Jump 17.4% YoY in October 2024 Due to Increased Demand for Hybrid Models
Combined vehicle sales of Hyundai Motor and Kia in the United States jumped 17.4% (year-on-year) in October 2024 due to increased demand for the company' hybrid models.
Seoul, November 4: Combined vehicle sales of Hyundai Motor and Kia in the United States climbed 17.4 per cent (year-on-year) in October due to increased demand for the automakers' hybrid models, the companies said on Monday. The companies' combined US sales stood at 147,613 units last month, up 17.4 per cent from a year earlier, marking the highest combined sales for any previous October.
Hyundai Motor, including Genesis models, sold 78,705 units, up 18.3 percent, while Kia sales gained 16.5 percent to 68,908 units, reports Yonhap news agency. The companies' eco-friendly vehicle sales surged 52 percent on-year to 31,668 units. Hybrid vehicles led the segment with an impressive 64.9 percent jump to 21,679 units, setting a new monthly record. Hyundai Motor India Records 2% Sales Growth in October 2024 With 70,078 Units; Exports Rise 7%.
Hybrid versions of Hyundai's Tucson SUV and Kia's Carnival minivan, in particular, achieved strong sales growth last month, with the Tucson hybrid logging a 110 percent sales increase to 6,790 units and the Carnival hybrid model selling 1,941 units. Meanwhile, Kia said on Monday it has released a revamped version of its K5 midsize sedan with an improved value proposition and a suite of feature upgrades.
The latest K5 features expanded safety and convenience options across its trims, with Kia adding a new entry-level trim called Smart Selection to the 2-litre gasoline engine model, offering a more affordable price point. Kia has also standardised features, such as LED lighting on the sun visor and glove box, rear-seat floor mat hooks and an in-car fire extinguisher on all trims. Hyundai’s Global Sales Fall 1.6% Amid Slowdown in Vehicle Demand.
Starting from the Prestige trim, previously optional features like steering wheel vibration alerts and steering wheel heating are now standard. A Kia official stated, "This year's updated model has significantly enhanced safety and convenience features, incorporating extensive customer feedback on the previous year's product improvement model to further elevate its competitive edge."
(The above story first appeared on LatestLY on Nov 04, 2024 10:01 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).