Hyundai luxury cars gain market share in USA

Hyundai's recently launched Equus luxury sedan and rear-wheel-drive Genesis sedan are boosting Hyundai Motor's presence in the U.S. luxury sedan market. Both luxury models have sold above initial expectations, says Hyundai.

Latest automobile sales data reveal that sales of Hyundai Genesis averages at approximatelly 2,500 units each month, while Equus sales averages at around 250 units each month. Last month, Hyundai Genesis took more than 10 percent of the mid-luxury car segment, while its larger sibling, the Equus sedan accumulated a market share of 5,4%!

Sales of the 2012 Hyundai Genesis sedan and 2011 Equus luxury sedan go beyond our expectations," said a company spokesman. The South Korean carmaker forecasts the sales of both sedans to reach above 30.000 units ( Hyundai Genesis) and more than 3.000 units (Equus) in the USA this year. [Source: Koreaherald ]