KIMTF - Hyundai Kia gain U.S. market share; SUVs the strength

Market research firm, J.D. Power indicated that against the broader auto industry's drop of 12% through November, Hyundai Motor (HYMTF) selling brands under two separate companies (Hyundai Motor and its affiliate Kia Motors (KIMTF)) expanded its U.S. market share and held steady retail sales during the year, as reported by The Wall Street Journal.Noted below, expanding market share and outperforming other automakers in YTD returns:Listed separately on the Korea exchange, Hyundai and Kia gained 67% and 49% respectively (until Dec.29 close) outperforming other traditional auto makers such as General Motors and Volkswagen AG.As per TrueCar estimates, total new vehicle sales will reach 1.24M units in November 2020, down 0.5% Y/Y (adj. for the same number of selling days); total retail sales are seen 2.9% higher Y/Y and 8.4% M/M. (Deeper dive here for December forecast.)A quick look at the total unit sales, brand-wise, indicates that compared to other majority of brands which recorded double digit drops

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Hyundai, Kia gain U.S. market share; SUVs the strength