Reported Saturday, Hyundai Motor America May 2024 Sales Up12% YoY, And YTD Total Sales +2% YoY
Portfolio Pulse from Benzinga Newsdesk
Hyundai Motor America reported a 12% year-over-year increase in May 2024 sales and a 2% increase in year-to-date total sales. The company saw its best May sales for several models, including the IONIQ 5, IONIQ 6, Tucson HEV, Santa Fe HEV, Palisade, and Santa Cruz. Retail sales in May were up 9% year-over-year, with significant contributions from the Palisade, IONIQ 5, and Santa Fe HEV. Additionally, May EV sales surged by 42% year-over-year.
June 03, 2024 | 7:54 am
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Hyundai Motor America reported a 12% YoY increase in May 2024 sales and a 2% increase in YTD total sales. May EV sales surged by 42% YoY.
The significant year-over-year increase in both total and EV sales indicates strong market performance and consumer demand for Hyundai's products. This positive sales data is likely to boost investor confidence and positively impact HYMTF's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100