Automotive
A Great November For The Hyundai Group
Even with tax credits, some US-made EVs are still more expensive than some of the Hyundai group’s vehicles. So, in some cases, Tax Credits are just added perks as opposed to deciding factors. Ultimately, people are shopping for what is most important to them, which isn’t always money.
5 Minutes of Fresh Perspective
Reading the daily news doesn't have to suck. Get the email that will make you laugh and keep you informed...for free!
Like that turkey the President pardons before Thanksgiving, the Hyundai Motor Co just had a pretty great November. 🦃
The breakdown
- Kia had its strongest November for US sales ever, with a 133% increase - 8% higher than the previous record from 2016.
- Hyundai grew year over year with a 113% increase.
- November was the 5th consecutive month of triple-digit growth percentages for the group.
- The motor group, including Genesis, could account for 11% of new vehicle sales in the US by the end of the year.
New year, new challenge. Currently, the group's vehicles do not qualify for EV tax credits. A US-based factory is under construction and will remedy that, but not until production begins in 2025.
