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Hyundai's December sales jump 17%

8:02 AM, Jan 3, 2013   |    comments
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South Korean automaker Hyundai says its December sales jumped 17% from a year ago, to 59,435.

CEO of Hyundai's U.S. operations, John Krafcik, tweeted the company's overall results hours before other automakers are scheduled to begin announcing today their December and full-year 2012 sales.

Krafcik said the car company's tally for all for 2012 was up 9%, to 703,007, "paced by record-setting full-year Elantra & Sonata sales."

Hyundai will roll out details later today.

Though sales are healthy, Hyundai's had challenges last year:

  • After months of eye-popping sales jumps, growth tapered. Kracik says Hyundai's global production capacity is spread thin and the U.S. won't consistently see big year-over-year sales leaps in the future. Surely hard to take after years of "no end in sight" growth.
  • Hyundai and corporate affiliate Kia were forced to trim mileage ratings for some of their most-popular cars, such as the Hyundai Elantra Krafcik cites, above. The companies said they made incorrect calculations as part of a new mpg formula they created to handle a number of new models and new drivetrains coming to market quickly.
  • Hyundai's "halo" model -- one meant to create an image for the whole brand -- had to be recalled. Veloster, a futuristic three-door model, had problems with its enormous glass roof panel.

USA Today

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