Sales of Hyundai’s latest generation premium sedan, the second generation Genesis Sedan surpassed over 100,000 units.
[ads id=”0″ style=”float:left;padding:9px;”]The automaker said that it sold some 105,915 units of Genesis home and abroad, just 18 months after its launch in November 2013. “It achieved the feat faster than any of Hyundai’s other large sedans,” a spokesman at Hyundai said.
In the U.S-market, the Genesis ranked third behind the BMW 5 Series and the Mercedes-Benz E Class in the midsize luxury sedan market, with sales of around 28,236 units last year.
In just one year and six months after Hyundai Motor released its first second-generation Genesis, the domestic sales of the new Genesis passed the 100,000 mark, emerging as the best cash cow for the Korean car maker.
According to Hyundai Motor on June 30, the cumulative sales of the new Genesis, a model produced only in South Korea, reached 105,915 units as of the end of May 2015, including domestic sales of 52,661 units and exports of 53,254 units. It took only 18 months for the sales of the new Genesis to reach the 100,000 milestone.
This pace is ten months faster than its previous version 1G Hyundai Genesis which took 28 months to reach the 100,000 level in cumulative sales. The 2G Hyundai Genesis achieved the 100,000 height in cumulative sales at the fastest pace among Hyundai Motor’s large sedans. This is an extraordinary record, considering that Genesis is a high-end model produced domestically only and its production volume is limited.
