Driven by the continued popularity of Korean car sales of hybrid vehicles and sport utility vehicles (SUVs), South Korean automakers recorded a double-digit sales growth rate in October.
According to sales figures for October released by Hyundai, Kia, and Genesis on the 3rd, the three Korean automakers sold a total of 160,083 units during the month, marking a 10% increase compared to the same month last year (146,137 units). This maintains a double-digit growth trend for the second consecutive month, following a 13% increase in September.
Hyundai Motor America sold 73,452 units in October, up 5% from the same month last year, breaking its all-time October sales record. In particular, hybrid vehicle sales surged 20% year-over-year, accounting for 29% of total sales.
In the electric vehicle sector, the Ioniq 5
In the electric vehicle sector, the Ioniq 5 rebounded with 1,981 units sold, up 21% from the same month last year. However, the Ioniq 6 recorded no sales, and the Ioniq 9 dropped 47% to 169 units.
Kia sold 80,008 units last month, a 16% increase year-over-year, achieving its highest-ever October sales performance. Notably, it recorded the highest growth rate among the three Korean automakers by extending its monthly sales record streak to six consecutive months.
Kia’s Telluride surged 63% to 14,009 units, setting an all-time monthly sales record. The Seltos increased by 43% to 8,052 units, and the Sorento grew by 31% to 8,782 units. The Sportage rose 12% to 17,977 units, and the Carnival increased 17% to 7,751 units.
Additionally, the Sportage Hybrid and Carnival Hybrid broke
Additionally, the Sportage Hybrid and Carnival Hybrid broke all-time monthly sales records. Kia’s hybrid sales skyrocketed 114% year-over-year, and total electrified model sales jumped 112%.
In the EV category, the EV9 increased 111% to 1,406 units, and the EV6 grew 58% to 803 units. The newly launched EV3 recorded 976 units sold.
Meanwhile, Genesis sold 6,623 units in October, down 6% from 7,017 units in the same month last year, making it the only brand among the three Korean automakers to experience a sales decline.
While the GV70 rose 9% to 3,313 units to set an all-time October sales record, the GV80 fell 19% to 1,602 units, and the GV80 Coupe dropped 22% to 277 units.
🌐Read this article in Korean:미주중앙일보(The Korea Daily) 원문 보기
