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Hyundai, Kia U.S. sales drop 11% amid global chip shortage: report

Soul: Hyundai Motor and its affiliate Kia Motors said Wednesday that their combined U.S. sales fell 11% year-on-year last month amid a prolonged global chip shortage. Hyundai, its independent Genesis brand, and Kia Motors sold 128,283 of his vehicles in the world’s most important auto market in July, up from 143,779 a year ago, according to company sales data. did. Hyundai Motor Appoints Randy Parker as CEO of U.S. Operations.

Hyundai sold 60,631 vehicles last month, down 11% from 68,500 a year ago. Kia also dropped 11% to 62,449 from 70,099 in the same period, Yonhap reported.

However, Genesis sales increased by 0.4% from 5,180 to 5,203 over the same period. From January to July, the automaker’s sales in the US fell 12% to 831,158 from 948,723 in the same period last year, according to data.

Hyundai Motor appointed a new chief executive officer for its U.S. operations late last month. Hyundai has promoted Randy Parker to CEO of Hyundai Motor America. He will be responsible for Hyundai’s commercial vehicle business in the US market. Parker will report to Jose Munoz, President and CEO of his Americas, Hyundai Motor.

(The above article first appeared on LatestLY on August 3, 2022 at 10:13 AM (IST). For news and updates on politics, the world, sports, entertainment and lifestyle, please visit our website Please log on to the site. latest.com).

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https://www.latestly.com/auto/hyundai-kia-us-sales-fall-11-amid-global-chip-shortage-report-4033575.html Hyundai, Kia U.S. sales drop 11% amid global chip shortage: report

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