Hyundai, Kia Continue Record Setting Trend in October

By Trevor Dorchies | November 01, 2011
It doesn't appear Hyundai and Kia will be slowing down anytime soon. Both auto makers turned in record-setting sales figures for the month of October. For Kia, it was the fourteenth consecutive month of good fortune, with its 37,690 October sales helping add to its 35 percent gain for the year, up to an all-time record of more than 400,000 vehicles sold for the year. That's 105,872 more than all of 2010 combined…and there's still two months to go in 2011. As for Hyundai, it too had a month for the record books after moving a whopping 52,402 vehicles last month. The company's crossover lineup carried its weight and more with the Santa Fe and Tuscon seeing sales figures increasing to the tune of 44 and 24 percent, respectively. Fuel economy is also a paramount concern of Hyundai buyers, with 37 percent of the Hyundai's sold in October capable of 40 mpg. Hyundai's Winners:
  • The 2012 Elantra moved 13,000 units in October, a 37 percent increase from the same month last year. The Elantra is one of the most sought-after cars in its class, with supplies of the little sedan at historic lows.
  • The all-new 2012 Hyundai Veloster moved 3724 units in its first full month of sales, a sales rate that could be described as "gangbusters."
  • Year-to-date sales figures are up 21 percent compared to 2010 as a whole. As October came to a close Hyundai had sold 545, 316 vehicles compared to 538,228 set in 2010.
Hyundai's Losers:
  • The Hyundai Veracruz found only 749 homes, 305 less during the same month last year, and more proof that the big crossover was a rare miss for the hot Korean brand.
  • Azera was also slumping in October moving 41 units and brought the year-to-date sales figure to 1448. An all-new Hyundai Azera will be introduced at the Los Angeles Auto Show later this month.
Kia's Winners:
  • The stateside-built Kia Sorento led the way for Kia with 10,178 units sold in October, and the model accounting for 25 percent of all Kia sales so far this year.
  • The new Kia Optima wasn't far behind moving 8616 units. Compare that to the old model last year, which moved only 1,630. Can you say, "homerun?"
Kia's Losers:
  • Kia Forte sales dropped off a little, moving 4712 this October compared to 5754 in the same month in 2010. However the Forte's sales are still up overall by nearly 10,000 for 2011.
  • Kia Sedona minivan sales were down 633 units, but like the Forte, sales of the recently freshened van are still up overall for the year.
Source: Hyundai, Kia