Hyundai Motor America August Sales Decline 4% On Chip Supply Woes

by Shivani Kumaresan, Benzinga Staff Writer

September 1, 2021 12:44 PM | 1 min read |

Hyundai Motor Company's HYMTF Hyundai Motor America reported a 4% decline year-on-year in August sales to 56,200 units.
Hyundai Motor America's total car sales increased 8% Y/Y, with eco-friendly vehicles rising 245%.
Hyundai Motor America sold 51,950 retail units in August, a decline of 7%.
"After five months in a row of record-breaking sales, along with chip supply shortages, our inventory levels presented a challenge in August," said Randy Parker, SVP, National Sales, Hyundai Motor America.
The company has sold 531,835 units year-to-date, a 37% increase Y/Y.
Price Action: HYMTF shares are trading higher by 1.96% at $44.76 on the last check Wednesday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.