Hyundai Motor America the subsidiary of Hyundai Motor Company (HYMTF.OB), the Korean automobile major, reported lower sales in March compared to the same period last year.
March sales decreased by 3 percent to 84,087 units from 87,019 units of the previous year.
However, hybrid electric vehicle sales jumped in March.
Hyundai delivered its best March ever for hybrid electric vehicle sales, led by Sonata HEV (+150%), Elantra HEV (+92%) and Santa Fe HEV (+31%). Electric vehicle performance was led by IONIQ 5, which achieved its best-ever March total sales, rising 13 percent year-over-year. Together, these results underscore Hyundai's ability to generate momentum across multiple electrified segments while supporting long-term adoption, the company said in a statement.
Currently, Hyundai shares are trading at 488,000 KRW, up 9.54% on the Korean Stock Exchange.
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