Losing The Magic? Hyundai Posts First Monthly Sales Drop In 2 Years

Hurricane Sandy and tight supplies of small cars in October caused Hyundai to post its first monthly sales decrease in more than two years.

Hyundai sales fell 4 percent to 50,271 vehicles, down 4 percent from October 2011. It was Hyundai's first year-over-year monthly decline since August 2010.

Year-to-date sales were 590,085 units, up 8 percent from the first 10 months of last year.

In a post on Twitter, Hyundai Motor America CEO John Krafcik attributed the declines to Hurricane Sandy and tight supplies of the Accent subcompact and Veloster sporty coupe.

Read Article

HughJass - 11/2/2012 2:08:12 PM

+6 Boost

Lying to your customers probably won't help. Hyundai/KIA to revise mileage claims and pay damages for claiming crap that isn't true, now if only Samsung would just admit they can't come up with an original idea and Apple can start giving them business again. What's 23 million iphones x $70? About $1.6 billion Samsung is willing to give up by stealing off of Apple. And that's per quarter.

http://www.thecarconnection.com/news/1080237_2014-gt-r-hyundai-kia-dropping-mileage-claims-october-sales-car-news-headlines

Wonder how long it'll be before this joke site posts this.

HughJass - 11/2/2012 2:18:48 PM

+2 Boost

btw, how come nobody else had issues because of the Hurricane? Did it specifically target Hyundai dealerships?

Canadian TV ads show RAV4 $24K, new Santa Fe $26K, Highlander $29K, I would assume most of the US has the same price spread and yet Hyundai sales drop by Toyota and mostly everyone else went up.