Hyundai Keeps Setting SUV Sales Records
Hyundai June 2020 Sales
Hyundai just announced sales numbers for June 2020. Retail sales increased 6% year-over-year, SUV retail sales are up 34%, and the most expensive model, the Palisade, just established a new monthly sales record. Solid stuff for sure, especially during these tough and uncertain times.
A total of 50,135 units got sold in the United States for June 2020. This figure is a 22% decrease from June 2019 but expected due to the current economic situation. Retails sales growing 6% year-over-year is a big highlight for Hyundai as this is the second straight month of increasing year-over-year retail sales. Fleet sales are down 93%, which sounds terrible but represents only 2% of Hyundai’s total volume.
So, in total, Hyundai sold 48,935 retail units in June 2020. SUVs account for 69% of that number showing just how much SUVs are taking over in the States. SUV retail sales grew 34%, and the Palisade, one of Hyundai’s most expensive products, set a new monthly sales record, selling 8,169 units. Hyundai’s most expensive SUV is one of its top-selling vehicles now as the Santa Fe sold 8,376 units. The Santa Fe sales are also up for June by 14%. The most sold car in June 2020 is the Tucson at 10,216 units.
The Reason for Hyundai’s Sales Success
Randy Parker, vice president of Hyundai Motor America National Sales, attributes its sales success to the dealers’ quick action to meet customer demand. Hyundai was not scared to stock up dealerships with products despite the current situation as Hyundai knew the vehicles would sell. By offering aggressive incentives, low-interest rates, and deferred payments, Hyundai knew it could be successful. Randy Parker believes Hyundai can continue to outperform the market moving forward.
Hyundai Sales Figures
Listed below is the June Sales Summary:
Jun-20 Jun-19 2020 YTD 2019 YTD
Hyundai 50,135 64,202 272,597 333,328
Vehicle Jun-20 Jun-19 2020 YTD 2019 YTD
Accent 1,239 2,632 8,294 14,906
Elantra 7,561 16,540 48,450 84,971
Ioniq 868 1,607 5,438 7,599
Kona 5,943 6,341 30,767 37,089
Nexo 12 21 76 119
Palisade 8,169 383 36,455 383
Santa Fe 8,376 14,335 43,429 67,571
Sonata 5,407 8,379 30,289 47,132
Tucson 10,216 12,825 57,941 65,954
Veloster 806 1,139 4,287 7,604
Venue 1,538 0 7,171 0
Hyundai June 2020 Sales Conclusion
The Hyundai Nexo will end up being rarer than a Lamborghini Aventador. Nexo aside, I firmly believe Hyundai can continue to be successful. Yes, incentives help, but creating quality products helps Hyundai stay on the map for the long run. I am excited to see the new upcoming products.
Read about Hyundai’s sale during May 2020 here.
Kevin Meyn is an automotive journalist for Torque News concentrating on Hyundai content. Kevin is the founder of Exhaust Sports Auto Youtube channel, where he does professional car reviews on new and used vehicles. Through the use of various resources and extended Automotive expertise, Kevin documents the latest in automotive news revolving around Hyundai. Kevin graduated from NC State University studying Supply Chain Management but has had a passion for cars since he was a child. Follow Kevin on Twitter and Instagram @exhaustsports.