SEOUL, Feb. 4 (Korea Bizwire) — Hyundai Motor Group, the world’s No. 5 auto conglomerate, said Wednesday its January sales in the United States reached an all-time high, giving hope that its affiliate duos may continue to do well following favorable results for the U.S. market last year.
Hyundai Motor America and Kia Motors America, the distribution and marketing arms of the conglomerate in the U.S. market, said they each sold 44,505 and 38,299 units last month, moving up by a respective 1 percent and 3.5 percent from the previous year.
Both figures are record breakers compared to last year’s January sales by the two affiliates, and for Hyundai Motor in particular, this marks the seventh consecutive year for the company to see an increase in its sales for the month.
Hyundai Motor’s sales in the U.S. were largely buoyed by the popularity of the Genesis luxury sedan, whose sales last month surged 76 percent on-year to reach 2,573 units, the company said. Hyundai’s flagship Sonata midsize sedan also continued to perform well in the market, with sales jumping 26 percent over the same period.
For Kia Motors, the Sorento sport utility vehicle and the Forte helped boost sales, as they logged a 6.3 percent and 35.9 percent increase over the cited period to reach 7,543 units and 6,422 units, respectively.
Hyundai Motor Group said earlier last month that its U.S. sales broke its annual sales record in 2014 to register 1,305,952 units, up 3.6 percent from the previous record of 1,260,606 set in 2012.