Hyundai Motor Grabs 3% Share in US: Closing in on Nissan

Hyundai Motor raised its share of the United States automobile market above 3 percent for the first time ever.

Its market share came to 3.2 percent in July, up 0.23 percentage points from a month earlier. This is the first time that its share has broken through the 3 percent mark in the U.S. since it advanced into the world's largest auto market with the Pony sedans in 1986.

Hyundai held a 2 percent share in 2001 and 1 percent share in 1999. Combined with its affiliate Kia Motors, Hyundai-Kia claims 4.9 percent.

Hyundai and Kia sold 47,205 and 26,429 units, respectively in the U.S. last month. It is expected that their combined market share will rise above 5 percent in the second half of the year.

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rakamoo - 8/2/2006 11:13:33 AM

+1 Boost

I'd rather drive a Kia than a Chevy - though I would hate to be seen in either.

rakamoo - 8/2/2006 11:16:18 AM

+1 Boost

Visionary? That implies creativity and courage! The Chinese are simply copying designs from respected companies, and selling ther cheap (3cents per hour labor) products in this consumption happy country of ours. They dump their crap on Americans - which then fills our landfills very shortly, taking our dollars so they can buy our treasury bills - not to mention, their Washington lobby is able to buy legislation (America is for sale to the highest bidder) - even if it is a communist country that violates all human rights policies and does not engage in fair trade. Thats capitalism, folks! Are the communists beating the capitalists? Well, I think Americans are smarter than that - We need to boycott Chinese products - they simply do not play on a level playing field - they get away with environmental violations, human rights violations, and trade violations - For God's sake, let your currency float on the world market! If you are stupid enough to buy a Chinese car, then maybe you deserve getting a Chinese car - the last Chinese product I bought was a sewing machine with the Singer brand name on it - it worked for 1 day befor breaking - it's the last Chinsese product I will buy - I realized that there are needs and wants - It it is Chinese, I don't need it. Maybe the Chery car can get from the dealership to your home before breaking down? - wishful thinking? Anyway, as long as america is for sale (congress, senators, etc.) then americans will lose - We need to keep this country strong - not flooded with cheap crap with jobs lost to unfair trade practices!

PlanoA4 - 8/2/2006 11:32:12 AM

+1 Boost

rakamoo - Your comments are noted, the only problem is Hyundai is KOREAN

Que45 - 8/2/2006 11:33:52 AM

+1 Boost

rakamoo...

I may be mistaken but I believe Hyundai and Kia are both based out of south korea which is a democratic capitialistic goverment that we whole-heartedly support...

I would take a new nissan over a kia anyday just because of the status a kia places on its driver.

M53R - 8/3/2006 12:56:44 AM

+1 Boost

Dont forget that Hyundai is doing a really hard job to compete the japanese. i really appreciate them coz they started from nothing and they will become big 1 day...........