Hyundai-Kia's 2017 U.S. sales dipped 10 percent to 1,275,223 vehicles, with December volume off 8.6 percent, as the company pared fleet shipments and battled the industrywide slump in car demand.
Brands: Hyundai down 13% in 2017, up 1.8% in December; Kia down 8.9% in 2017, off 21% in December. Genesis U.S. volume up 196% in 2017, up 12% in December.
Notable nameplates: In December, Hyundai Sonata down 38%; Veloster -- due for a redesign this year -- off 72%; Tucson up 34%; Elantra up 9.2%; Santa Fe up 21%; Kia Optima down 44%; Rio up 28%; Sorento down 34%; Soul down 39%.
For 2017, Sonata off 34%; Veloster down 58%; Tucson up 28%; Elantra down 4.9%; Santa Fe up 1.5%; Optima down 13%; Rio off 42%; Soul down 21%; Sorento down 13%.
U.S. market share: 6.6% in Dec. 2017, down from 6.9% in Dec. 2016; 7.4% for all of 2017, down from 8.1% in 2016.
Incentives: Hyundai discounts averaged $3,095 per vehicle in December, up 18% from the same period last year; Kia's average incentives increased 1.3% in December from a year earlier to $3,413 per vehicle, according to ALG.
Average transaction price: Hyundai averaged $22,461 per vehicle in December, down 2.1% from a year earlier; Kia off 1% to $22,672, ALG reported.
Quote: "Hyundai and our dealers closed the year strong and we are one of the few companies to achieve a sales increase in December," John Angevine, director of national sales for Hyundai Motor America, said in a statement. "While our run of eight straight years of annual sales growth came to an end, we improved our SUV mix, reduced our fleet sales and have positioned ourselves for a rebound and quality growth in 2018."
Did you know? Annual U.S. sales of the Tucson crossed the 100,000 mark for the first time in 2017.
Katie Burke contributed to this report.