Hyundai and Kia racked up U.S. sales gains for the ninth-straight month in April on higher inventories and incentives, signaling pent-up demand remains healthy even as rising interest rates cool the U.S. economy and consumer confidence.
Volume rose 15 percent at Hyundai and 16 percent at Kia last month, the companies said Tuesday.
Hyundai’s retail sales rose 5 percent to 64,895 in April, with fleet volume of 5,917, or 8 percent of total deliveries in the month.
Randy Parker, CEO…
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