This file photo provided by Hyundai Motor Co. shows the Palisade SUV. (Yonhap)
SEOUL, April 20 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Sunday it has sold over 500,000 units of the Palisade sport utility vehicle (SUV) in the United States.
The cumulative sales of the Palisade in the United States reached 506,425 units as of the end of last month, according to Hyundai’s sales data.
Hyundai Motor launched the first-generation Palisade SUV in the U.S. market six years ago in 2019. The second-generation model is set to be released there later this year.
In 2024, about two-thirds of the Palisade’s global sales of 165,745 units came from the U.S. market.
Citing the U.S. as the “world’s most competitive SUV market,” Hyundai said it will further boost sales there with a diversified SUV lineup composed of the Tucson, Santa Fe and Palisade models.
Of 4.02 million vehicles sold in the U.S. in the January-March period, 3.12 million units, or 78 percent, were SUVs and other multipurpose vehicles, according to automotive sales data firm MarkLines.
The second-generation Palisade SUV will be available in the world’s most important automobile market in the second half of the year. Domestically, it was launched in January.
The new Palisade comes with a 3.5-liter gasoline engine or a 2.5-liter turbocharged gasoline hybrid engine for the U.S. market.
Hyundai plans to add the Palisade model with a gasoline hybrid engine and the Palisade XRT Pro model designed for off-road driving for U.S. customers in the second half.
(Yonhap)
