Hyundai Motor America enjoyed its strongest sales month of the year thanks to solid performances by Hyundai and Genesis crossovers and fuel-sipping "green" offerings, but despite improvement, supply continues to be a drag on volume.
Combined U.S. sales at Hyundai and Genesis slid 12 percent to 67,597 in June. Still, Hyundai brand sales hit a 2022 high of 63,091 during the month, though retail volume fell 5.5 percent. Combined second-quarter volume dropped 21 percent to 198,136. In the first half, both brands logged combined sales of 396,535, a 13 percent decrease. Genesis sales have now increased 19 straight months year over year, while Hyundai volume has declined four straight months year over year.
Hyundai sales boss Randy Parker attributed the declines to the ongoing microchip shortage, saying that it's creating a "distorted" year-over-year comparison because of healthier stockpiles during the first half of 2021.