South Korean automakers Hyundai and Kia announced its second best month sales during August in the United States, at the same time, its market share dropped under 8 percent for the first time in five months due to a weak yen, that is helping Japanese automakers.
[ads id=”0″ style=”float:left;padding:5px;”]Both brands said on Thursday that their combined sales in the U.S reached 124,670 units in August, up 5.5 percent from a year ago. Hyundai sold 70,003 cars while Kia sold 54,667 units. Their best month ever was in May, with a total combined sales of 130,994 units.
Hyundai and Kia said that sales have increased largely due to a couple of new models released this year, such as Hyundai’s LF Sonata and new flagship luxury sedan, the Genesis. For Kia, the best seller Soul and refreshed Sportage & Optima helped the brand.
Despite this, combined share of the US-market decline to 7.9 percent last month. GM took the top spot with 17.2 percent, followed by Toyota (15.5 percent), Ford (14 percent), Chrysler (12.5 percent), Honda (10.5 percent) and Nissan (8.5 percent).