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South Korean Brands Report Strong Month

Hyundai, Kia said performance so far this year puts them on track for record annual sales.

November 1, 2023
South Korean Brands Report Strong Month

Kia said its electric-model sales jumped 83% year-over-year for the month.

Credit:

IMAGE: Kia

1 min to read


Hyundai and Kia reported October U.S. sales continued a 15-month streak of increases.

Hyundai, the parent company of Kia, said its deliveries edged up 0.3% year-over-year to nearly 61,000 units, while Kia said it reached an October record with more than 59,000 deliveries.

Hyundai Motor America CEO Randy Parker said in a press release on the results that the unit is on track to have a record year. “We're confident we are going to finish 2023 with all-time record performance."

Kia said its electric model sales jumped 83% year-over-year for the month. Eric Watson, its vice president, sales operations, said the unit expects to outdo 2022 full-year sales by mid-November for record annual deliveries.

LEARN MORE: Hyundai, Union Reach Deal

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