Hyundai And Kia Expect To Sell 1.06 Million Vehicles In U.S This Year

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Yesterday, Hyundai Motor Group said it is expecting to raise its U.S auto sales by 18.2 percent this year to 1.06 million vehicles, an improvement from a previous target of 1.01 million.

Hyundai would to sell 624,000 units and Kia with 433,000 in the U.S. Both South Korean automakers are experiencing fast growth in the U.S market with a combined share reaching 10.1 percent as of May from 7.7 percent in 2010 and 3.3 percent in 2001. The launch of the Hyundai Veloster and the Kia Rio subcompact in the U.S are to help maintain the sales momentum of both companies.

Chung Mong-Koo, charman of the Hyundai Motor Group, announced the sales increase while visiting the U.S, which may be linked to the possible construction of a second plant to meet booming demand in the world’s second- largest auto market.

[source: Reuters]

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