Hyundai, Kia’s US sales fall 11% amid chip shortage

Hyundai Motor and its affiliate Kia said on Wednesday their combined sales in the United States fell 11 per cent last month from a year earlier amid the prolonged global chip shortage.

Hyundai, its independent Genesis brand, and Kia sold 128,283 vehicles in the world’s most important automobile market in July compared with 143,779 units a year ago, according to the companies’ sales data.

Hyundai’s sales declined 11 per cent to 60,631 units last month from 68,500 a year ago.

Kia’s were also down 11 per cent to 62,449 from 70,099 during the same period, reports Yonhap news agency.

But Genesis’ sales rose 0.4 per cent to 5,203 units from 5,180 during the same period.