Hyundai Motors leads automakers in sales in US market

Few automakers recently reported that their U.S. sales raised in October from a year ago. But the final tally would not be in for the other day. The sales of October month are speculated to come a little below 1 million vehicles which will hit around twelve million on the annual sales rate that have adjusted seasonally. The October sales were uneven as some days of October showed weak sales while the other days, the same was strong.

One of the largest auto manufacturers in the United States, Hyundai Motor America, announced that its U.S. sales increased thirty eight percent in the earlier month to 42,656 products from 31,005 products in the earlier year. This profit was achieved by the company because of the good sales of Hyundai Sonata. The sales of this model of Sonata totaled 17,505. This figure was even more than the double of what it was an year ago. The automaker launched the new turbo and hybrid versions for the model. On the other hand, Kia Motors America stated that their sales raised thirty nine percent to 31,199 vehicles. Another auto major, the BMW Group reported a hike in its sales which increased thirteen percent to 23,222 vehicles. The sales of Subaru also increased by a quarter to 22,720 vehicles. Volkswagen Jetta pushed the sales of the company up by 18 percent in October to 20,084 units.
    
Hyundai Motors India Limited has recently signed an MoU (Memorandum of Understanding) with the Oriental bank of commerce with the aim of offering easy and simple finance options to its customers in India. The Memorandum of Understanding was signed in the presence of eminent people like Mr. Arvind Saxena, Director, Marketing & Sales, HMIL and Mr. S.C. Das, Deputy General Manager-Marketing, Oriental Bank of Commerce, representing their respective organizations.
    
Mr. Arvind Saxena, Director, Marketing and Sales, HMIL was very delighted on that occasion and commented that the company is very happy with being associated with one of the leading public sector banks in the country. This will help the firm to leverage convenient and easy finance options to its potential Indian customers.

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