Hyundai, Kia aim to sell 1.06 million units in the United States

Hyundai Motor Group (consisting of Hyundai and Kia) said yesterday that it aims to raise its U.S. auto sales in 2011 to 1.06 million units or by 18.2 percent. That figure is up from its previous target of 1.01 million vehicles. Chairman Chung Mong-koo made the announcement during his visit to the United States.

Hyundai is now targeting sales of 624,000 units in the U.S., while Kia is targeting 433,000. In 2010, both companies sold 894,496 units in the United States last year.

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Hyundai and Kia are one of the fastest-growing automakers in the U.S. market. They have a combined market share of 10.1 percent as of May, up from 7.7 percent in 2010.

Hyundai will launch a new Veloster while Kia will launch its new Rio to keep the sales momentum going.

– By: Omar Rana

Source: Reuters