HYMPY - Hyundai U.S. retail sales down 5% in September eco-friendly vehicles +348%

Hyundai (OTCPK:HYMTF) reports sales in the U.S declined 2% Y/Y to 53,800 units in September, still better than industry predictions that forecasted a 25% decline for the month. Retail sales fell 5% to 49,439 units. Eco-friendly vehicle retail sales continued to grow substantially with 348% growth. For Q3, total sales rose 4% vs. Edmunds consensus of +10.1%. Retail sales grew 1% for the quarter. YTD sales increased 32% to 585,635 units. "Hyundai dealerships continue to do an outstanding job of working with customers during this challenging inventory environment, resulting in market share gains for the brand," said Randy Parker, senior vice president, National Sales, Hyundai Motor America. "On the year, we've gained the second most market share in the industry and we expect that trend to continue for September and Q3."

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Hyundai U.S. retail sales down 5% in September, eco-friendly vehicles +348%