RARE PHOTOS: Randy parker | Vintage Vibes

Why electric vehicles sales are lukewarm in America, but hot in Europe

Electric vehicle sales in the United States have dropped 30.7% this year following the expiration of a federal subsidy. In contrast, European buyers have embraced electric vehicles, significantly increasing their market share amid rising fuel prices. Many US automakers have discontinued electric models, with buyers shifting towards hybrids and used…

The Economic Times · 16h ago

BYD Isn't Tesla's Only Asian Threat — This EV Maker Is Smashing Records

Electric vehicle giant Tesla Inc (NASDAQ:TSLA) is seeing weaker demand for its vehicles in the United States for numerous reasons, including increased competition from foreign automakers launching new vehicles in the United States.

Benzinga · Jul 2, 2025

Hyundai's Tariff Strategy: 'Sell Like Hell'

The current state of the auto industry feels a lot like a scene from The Office—automakers are putting on a brave face while trying to hide the fact that they secretly shaking in their boots over tariffs. I'll tell you this much: Hyundai is pulling off the brave act so…

InsideEVs · Apr 17, 2025

‘Foot On The Accelerator’: Hyundai And Kia’s EV Push Pays Off As Rivals Back Down

As production at a new Georgia "Metaplant" looms, the Korean automakers race ahead with EVs. Hyundai’s North American CEO says they’re just getting started.

InsideEVs · Jun 3, 2024

Hyundai Ioniq 5 And 6 Are Profitable; Company 'Studying' Range Extenders, CEO Says

Randy Parker, Hyundai Motor America's CEO, says the Korean automaker wants to offer options but is "all-in on EVs."

InsideEVs · Mar 27, 2024

Here's How Hyundai Will Sell You A Car On Amazon

The Korean automaker has big plans for internet sales on everyone's favorite e-commerce site, but dealers are still involved.

InsideEVs · Nov 17, 2023

Chip shortage keeps driving up auto prices, cutting sales

U.S. new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry

The Independent UK · Jul 1, 2022

Hyundai Motor America Registers 12.9% Sales Decline In June

Hyundai Motor Co. Ltd (OTC:HYMTF) reported a 12.9% Y/Y decrease in U.S. sales to 63,091 units during the month of June. June U.S. retail sales declined 5.5%. June was the highest sales month in 2022. "Hyundai's Q2 retail sales continue to highlight a terrific product mix, and consumer demand for our SUV lineup…

Benzinga · Jul 1, 2022

Read How Hyundai Motor America Performed In May

Hyundai Motor Co's (OTC:HYMTF) Hyundai Motor America reported sales of 59,432 units for the month of May, a 34% decrease year-over-year. The automaker had no fleet sales in May 2022. The company has sold 280,776 units year-to-date, a 16% decline Y/Y. Randy Parker, SVP, national sales, Hyundai Motor America, said, "We expect demand…

Benzinga · Jun 1, 2022

Hyundai Clocks 20% US Retail Sales Decline In April

Hyundai Motor Company (OTC:HYMTF) said its U.S. retail sales for the month of April declined 20% year-over-year. The auto major sold 61,668 units in April in the U.S. versus 77,523 units sold last year. Electrified vehicle retail sales increased 68% Y/Y in April. The company's year-to-date retail sales in the U.S. fell 10%…

Benzinga · May 3, 2022