Hyundai, Kia's US sales fall 11% amid chip shortage

by IANS |

Seoul, Aug 3 (IANS) Hyundai Motor and its affiliate Kia said on Wednesday their combined sales in the United States fell 11 per cent last month from a year earlier amid the prolonged global chip shortage.

Hyundai, its independent Genesis brand, and Kia sold 128,283 vehicles in the world's most important automobile market in July compared with 143,779 units a year ago, according to the companies' sales data.

Hyundai's sales declined 11 per cent to 60,631 units last month from 68,500 a year ago.

Kia's were also down 11 per cent to 62,449 from 70,099 during the same period, reports Yonhap news agency.

But Genesis' sales rose 0.4 percent to 5,203 units from 5,180 during the same period.

From January to July, the carmakers' sales in the U.S. fell 12 percent to 831,158 autos from 948,723 during the same period of last year, the data showed.

Late last month, Hyundai Motor named a new chief executive for its US operations.

Hyundai promoted Randy Parker to be CEO of Hyundai Motor America.

He will be in charge of Hyundai's commercial automotive operations in the US market.

Parker will report to Jose Munoz, president and CEO of Hyundai Motor America.

Latest News
Congress tied hands of our soldiers, we gave them full freedom to retaliate: PM Modi Thu, Apr 25, 2024, 02:02 PM
1 in 4 Indians came across political content that turned out to be deepfake: Report Thu, Apr 25, 2024, 01:54 PM
Greek frigate shoots down Houthi drone in Gulf of Aden Thu, Apr 25, 2024, 01:41 PM
Akhilesh Yadav files nomination from Kannauj LS seat Thu, Apr 25, 2024, 01:40 PM
Swiggy gets shareholders' nod for $1.2 billion IPO this year Thu, Apr 25, 2024, 01:04 PM
Russia warns NATO nuclear facilities in Poland, says, 'could become military target' Thu, Apr 25, 2024, 12:59 PM
Efforts for 'Viksit' Mathura will be made: Hema Malini Thu, Apr 25, 2024, 12:49 PM
Mahadev betting scam: Actress Tamannaah Bhatia summoned by Maha Police Thu, Apr 25, 2024, 12:26 PM
Woman kidnapped, gang-raped in Bengaluru, five arrested Thu, Apr 25, 2024, 12:24 PM
All arrangements falling in place for smooth conduct of LS polls in Kerala Thu, Apr 25, 2024, 12:21 PM
S. Korea launches presidential committee on medical reform amid protest Thu, Apr 25, 2024, 12:03 PM
How climate change impacts transmission of malaria Thu, Apr 25, 2024, 12:03 PM
Vivekananda Reddy's wife questions Jagan's Kadapa MP candidate pick Thu, Apr 25, 2024, 11:59 AM
Lawyers, parties in-person to receive SC case-related messages on WhatsApp, announces CJI Thu, Apr 25, 2024, 11:54 AM
IPL 2024: Rasikh Salam reprimanded for code of conduct breach Thu, Apr 25, 2024, 11:53 AM