New cars may be in short supply due to the ongoing shortage of semiconductors, but car buyers most definitely not.
Hyundai’s sales are up 56% from the pandemic-hit May 2022, driven by a significant recovery in compact car and SUV sales.
“Customer demand across the Hyundai lineup remains strong and we continue to work closely with our manufacturing and supply chain partners to meet this extraordinary demand,” said Vice President of Sales Randy Parker.
Kia posted growth in similar segments, and deliveries of its Telluride large SUV, which was named World Car of the Year 2020 and Utility of the Year in North America, grew 200%.
Alongside Honda’s all-time record, the automaker’s luxury brand Acura had its best month in nearly 15 years amid the recent unveiling of several redesigned models, including the ILX sedan and Off-road vehicle MDX…
Subaru and Toyota also reported strong, but not record, results, with the latter falling to 9 days in dealer stock, down from the traditional average of around 60 days.
Many automakers have switched to quarterly sales reports, including General Motors and Chrysler, and Ford is expected to release data for May on Thursday.