COSTA MESA, Calif. — Hyundai Motor America announced an all-time May sales record of 67,019 units, up more than 13 % over last year’s all-time May record, and the second best sales month in company history.
Hyundai is operating with a 32-day supply of inventory, believed to be the leanest among all competitive brands and running at about half of current industry levels. The company’s supply of the highly fuel-efficient Accent, Elantra, and Veloster models are running at extremely low levels of availability.
“Having demand exceed supply is an enviable position to be in but it forces us to be exceptionally efficient in our production planning, inventory management, and sales velocity,” said Dave Zuchowski, executive vice president of sales.
In keeping with its industry-leading fuel efficiency status, Hyundai achieved a corporate average fuel economy level of 37.0 MPG (28.5 MPG label value) in May, while selling 25,614 vehicles (38 percent of total sales) with 40 MPG window label highway fuel economy ratings.
Source: Hyundai Motor America