Hyundai Motor America Reports Record January Sales

FOUNTAIN VALLEY, Calif., Feb. 1, 2012 /PRNewswire/ -- Hyundai Motor America today announced all-time record January sales of 42,694 units, up 15 percent versus 2011.   

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Despite continued tight availability at Hyundai dealers across the nation, January retail sales were up 19 percent from last year due to continued strong performance throughout the Hyundai line-up, with the hot-selling Elantra up 13 percent and Genesis/Equus sales up 27 percent over last year. Fleet mix remains low at nine percent as the focus remains on optimizing dealer throughput and meeting consumer demand given ongoing production capacity constraints.

"January was a good month for us as Januarys go.  We set an all-time sales record for the month, saw continued stabilization in the general economy, and witnessed the Hyundai Elantra crowned as North American Car of the Year," said Dave Zuchowski, Hyundai Motor America's executive vice president, national sales.   "All in all, a very solid base to build off in 2012."

SALES-WEIGHTED FUEL ECONOMY

Hyundai achieved a corporate average fuel economy level of 36.7 MPG (27.7 MPG label value) in January, while selling 15,598 vehicles (37 percent of total sales) with 40 MPG window label highway fuel economy ratings.  That's up from 34.7 MPG in January 2011, a 5.8 percent increase, and Hyundai's best-ever monthly fuel economy performance. "We finished 2011 with a full-year CAFE estimate of 36.1 mpg, which we think could be an industry-leading position," said John Krafcik, president and CEO of Hyundai Motor America.  "With a full year of Accent and Veloster, and more fuel-efficient versions of Azera and Santa Fe in the pipeline, we'll continue to do all we can to bring affordable high fuel-efficiency solutions to all Hyundai buyers in 2012."

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 800 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

Journalists are invited to visit our news media website:  www.hyundainews.com

SOURCE Hyundai Motor America