The Hyundai Tucson sport utility vehicle. Photo courtesy of Hyundai Motor
July 2 (Asia Today) -- South Korea's Hyundai Motor and Kia posted record first-half sales in the United States, driven by strong demand for hybrid vehicles and sport utility vehicles despite elevated borrowing costs and slowing electric vehicle demand.
Hyundai Motor Group said Thursday that Hyundai, Kia and the Genesis luxury brand sold a combined 920,383 vehicles in the United States from January through June, up 3% from the same period last year.
Hyundai sold 489,656 vehicles, including Genesis models, an increase of 2.7%. Kia's sales rose 3.4% to 430,727 vehicles.
Hyundai, Kia and Genesis each recorded their highest first-half U.S. sales.
