Hyundai Motor America Announces 2004 Sales Record

2004 was a record- breaker for Hyundai Motor America. The American division of the Seoul Korea based company announced annual U.S. sales of 418,615 vehicles for 2004. This was an increase of 4.6 percent over 2003.

The company enjoyed its strongest December ever last month. Led by solid year-over-year sales gains for the Santa Fe sport-utility vehicle and the Sonata sedan. Beginning in March, the two vehicles that soon will be manufactured in Montgomery, Alabama. December 2004 total monthly sales hit 37,148, up 7 percent over December 2003.

Last summer, Hyundai officials planned to sell 430,000 vehicles in 2004 as a stepping-stone toward the company's larger goal of hitting 1 million in U.S. sales by 2010. Market conditions later prompted the company to downsize that goal to 420,000.

In comments in a Montgomery Advertiser article , Chris Hosford, executive director of corporate communications for HMA in California, said, "while we are disappointed that we didn't hit our goal of 420,000, we came very close. It's a very tough market."

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