Most Popular Hyundai Models In Short Supply
April 9, 2012 by UPI - United Press International, Inc.
(UPI)– South Korean automaker Hyundai is worried about running short of its two best-selling cars, the fuel-efficient Elantra and Sonata sedans.
Hyundai sales jumped 13 percent in March as buyers gobbled up the cars, cutting inventories of the compact Elantra to just one day and 25 days for the Sonata, the Los Angeles Times said.
John Krafcik, chief executive officer of Hyundai Motor America, said the company’s assembly plant in Montgomery, Ala., was running at full capacity, adding that the supply of U.S.-made Elantras is “pretty much tapped out.” He said he hopes imports of vehicles manufactured overseas will help meet U.S. demand.
With fuel prices rising steadily in March, Hyundai had the industry’s best average fleet fuel economy of any car company at 28.2 mpg.
Toyota’s March sales were up 15 percent and Japan’s Nissan saw a 13 percent monthly sales gain, helped by soaring demand for its mid-sized Altima sedan. A redesigned 2013 Altima hits showrooms later this year.
Bucking the trend, slowing sales of the one-time segment leading Honda Civic and Accord sent American Honda Motor Co.’s March sales down 5 percent.