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Hyundai official expects company's U.S. sales to increase

Hyundai official expects company's U.S. sales to increase

A Hyundai Motor Co. official said Sunday that he expects the company's U.S. sales to increase this year despite forecasts that put total industry sales lower compared with 2006.
Industrywide, U.S. sales dropped 2.6 percent last year to about 16.5 million from just under 17 million in 2005, according to Autodata Inc. Hyundai thinks U.S. sales will be down by 250,000 to 300,000 in 2007.
"There is going to be tremendous pressure in the market," said Steve Wilhite, chief operating officer of Hyundai's U.S. division. "What does that mean? It means that it's going to be a dogfight for every sale."
Last year, the company sold more than 450,000 vehicles in the U.S. _ almost flat compared with 2005. This year, it plans to sell more than 500,000, Wilhite said.
Growth will come from its entry-level Accent sedan, Wilhite said. He also expects sales of its compact Elantra sedan and Santa Fe small SUV to rise.
Hyundai is showing off its new Veracruz midsize crossover on Monday at the North American International Auto Show.


Updated : 2021-10-24 06:04 GMT+08:00