image credit: Unsplash

Lower fleet shipments ding Hyundai results

January 3, 2020

Hyundai’s U.S. sales slipped 1 percent last month behind weaker demand for several car and crossover models and sharply lower fleet shipments, though the brand posted an overall gain of 3 percent in 2019, reflecting an expanded crossover lineup.

Hyundai Motor America said December retail sales rose 9 percent, driven by demand for the Santa Fe, Tucson, Kona and Palisade crossovers, even as the automaker’s overall incentives fell slightly to $2,796, according to ALG. (See chart below.) Fleet sales dropped 27 percent last month, the company reported.

Read More on Automotive News