HYUNDAI SETS NEW ALL-TIME SALES RECORD IN 2003 DECEMBER SALES UP 36.4 PERCENT

FOUNTAIN VALLEY, Calif., Jan. 6, 2004 -- Hyundai Motor America today announced record sales of 34,716 vehicles for the month of December; up 36.4 percent over the previous year. Total sales for 2003 set a new all-time annual sales record for Hyundai in the U.S. – 400,221 -- up 6.7 percent over 2002.

“Hyundai’s record growth in the U.S. auto market continues because American consumers are focused on value. Each model in the Hyundai vehicle lineup offers real value in terms of quality, styling, safety, dependability and price,” said Hyundai Motor America’s President and CEO, Robert F. Cosmai. “For 2004, we hope the economy continues to improve and that our sales momentum will continue. Our dealers are excited about our new product offerings. The Tucson SUV will be added to our line-up in August,” he added.

“Hyundai is only the fourth import franchise to ever exceed 400,000 sales in this country,” said Edward F. Bradley, Hyundai’s Vice President, National Sales. “This is a significant achievement by Hyundai dealers nationwide who have established the Hyundai brand as one of the hottest franchises in the industry today,” he said.

Following is the sales breakdown for December 2003:

VEHICLE Dec-03 Dec-02 CY2003 CY2002
ACCENT 5,980 3,718 56,585 71,488
SONATA 6,053 4,349 82,330 68,085
ELANTRA 10,655 8,992 120,858 120,638
TIBURON 1,021 1,328 21,242 19,963
SANTA FE 8,639 6,026 101,278 78,279
XG350 2,368 1,031 17,928 16,666
TOTAL 34,716 25,444 400,221 375,119

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