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Last updated on April 17, 2014 at 21:23 EDT

Hyundai Motor America Sets All-Time Record First Quarter Sales

April 2, 2013

- March sales are the second best month in history

COSTA MESA, Calif., April 2, 2013 /PRNewswire/ — Hyundai( )Motor America today announced sales of 68,306 units, down just two percent versus the best volume month Hyundai ever recorded last year, and up more than 30 percent over February levels. The first quarter of 2013 was the best in Hyundai’s history.

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“March felt just great,” said Dave Zuchowski, executive vice president of national sales. “We definitely benefitted from better inventories of Elantra thanks to the addition of the third shift at our Alabama plant, improved weather conditions in our important Northern markets and more robust retail activity reflecting a steady recovery in consumer confidence. Elantra led the pack with an all-time monthly sales record of 26,153 units, up 33 percent year-over-year. Sonata Hybrid also set a new all-time sales record with 2,006 sales, up 13 percent versus last year.”

Fleet mix was 17 percent for the month and stands at 16 percent for the year, among the lowest in the industry.

“This March was an incredibly strong month for us, the second best sales month in our history, just two percent below our all-time record from last March,” said John Krafcik, president and CEO of Hyundai Motor America. “While our plants continue to stretch to hit our demand levels, we still have one of the tightest inventory levels in the industry. This month, you could see the impact of improved Elantra availability, but our dealers remain constrained on Sonata, which continues as one of the fastest turning mid-size cars in the industry.”

According to data from Cars.com, the traditional five highest volume mid-size sedans (Accord, Camry, Altima, Fusion, and Malibu) have 72 percent more dealer stock than Sonata.

Sales in March of Certified Pre-Owned vehicles totaled 6,715, up eight percent for the first quarter. More than 80 percent of Hyundai’s dealers are now participating in the CPO program, which has been a key component in driving Hyundai residual values to record high levels. Hyundai Elantra, Azera, and Santa Fe Sport are all ALG Residual Value award winners for the 2013 model year.

    CARLINE  MAR/2013 MAR/2012 CY/2013 CY/2012
    -------  -------- -------- ------- -------

    ACCENT      5,669    8,337  13,914  18,484
    ------      -----    -----  ------  ------

    SONATA     18,031   23,281  47,285  55,195
    ------     ------   ------  ------  ------

    ELANTRA    26,153   19,681  54,546  44,401
    -------    ------   ------  ------  ------

    SANTA FE    7,116    5,853  19,446  14,535
    --------    -----    -----  ------  ------

    AZERA       1,117      128   2,709     159
    -----       -----      ---   -----     ---

    TUCSON      4,073    4,197  11,010  11,049
    ------      -----    -----  ------  ------

    VERACRUZ       39      622     136   1,809
    --------      ---      ---     ---   -----

    VELOSTER    2,693    3,848   6,357   8,781
    --------    -----    -----   -----   -----

    GENESIS     3,124    3,429   8,113   8,232
    -------     -----    -----   -----   -----

    EQUUS         291      352     814     928
    -----         ---      ---     ---     ---

    TOTAL      68,306   69,728 164,330 163,573
    -----      ------   ------ ------- -------

                                 SALES-WEIGHTED FUEL ECONOMY

             February Label                  March Window          2013 CYTD  Window
              Combined MPG                  Label Combined        Label Combined MPG
                                                  MPG
                                                  ---

    Car                     28.0                             28.4                    28.0
    ---                     ----                             ----                    ----

    Truck                   22.9                             22.5                    22.8
    -----                   ----                             ----                    ----

     Hyundai
     Brand                  27.9                             28.2                    27.8
     -------                ----                             ----                    ----

HYUNDAI MOTOR AMERICA
Hyundai Motor America, headquartered in Costa Mesa, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through more than 820 dealerships nationwide. All Hyundai vehicles sold in the U.S. are covered by the Hyundai Assurance program, which includes the 5-year/60,000-mile fully transferable new vehicle warranty, Hyundai’s 10-year/100,000-mile powertrain warranty, and five years of complimentary Roadside Assistance.

For more details on Hyundai Assurance, please visit www.HyundaiAssurance.com

Please visit our media website at www.hyundainews.com and our blog at www.hyundailikesunday.com

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Source: PR Newswire