Hyundai Motor America Posts Decline In Retail Sales For April

Hyundai Motor America, an arm of Hyundai Motor Co., Ltd. (HYMTF.OB), on Tuesday posted a decline in vehicle unit retail sales for the month of April as well as year-to-date period.

The automotive firm sold 61,668 vehicle units for the month of April, down from 77,523 units sold during the same period a year ago.

The Group's retail vehicle sales for the year-to-date period were 221,344 units, versus 244,653 units registered for the same period of 2021.

Randy Parker, Senior Vice President, National Sales, Hyundai Motor America, said: "…Even with the challenges facing our industry, we were able to exceed the pre-pandemic total and retail sales of April 2019. Even more, our World Car of the Year IONIQ 5 and robust lineup of hybrid and plug-in hybrid models led to significantly increased electrified vehicle sales."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Federal Trade Commission or FTC, has sued Walmart for allowing its money transfer services to be used by fraudsters, who fleeced consumers out of hundreds of millions of dollars. The retail giant is alleged to have looked the other way to pocket millions in fees while scammers took advantage of its failure to properly secure the money transfer services offered at Walmart stores. Home improvement retailer Bed Bath & Beyond, Inc. (BBBY) reported on Wednesday a net loss for first quarter that sharply widened from last year, hurt by hefty transient costs related to inventory markdown reserves and port-related supply chain fees. Both adjusted loss per share and net sales missed analysts' expectations. Tesla Inc. laid off about 200 employees in its Autopilot unit as the luxury electric car maker closed down its office in San Mateo, California as part of cost cutting efforts, reports said. The San Mateo office, where employees worked on improving the driver assistance systems, marketed as Autopilot, had about 350 employees before the cut.
Follow RTT