Hyundai, Kia U.S. sales advance 11th straight month


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U.S. light-vehicle sales rose for the 11th consecutive month in June at Hyundai and Kia, helped by rising inventories and more generous discounts tied to July 4 holiday promotions. At Kia, June sales rose 8 percent to 70,495, capping a first half that produced record deliveries of 394,333, up 18 percent. Genesis also remained on a roll last month, with sales jumping 33 percent to 6,003, marking its eighth straight month of higher sales and biggest gain since U.S. deliveries rose 53 percent in April 2022. Hyundai Motor Group, with Hyundai, Genesis and Kia, has been a first-half "standout in the market," Cox Automotive said in a statement. Based on the first-half sales pace, several analysts have raised their outlook for 2023 sales to 15 million to 15.2 million, compared with 13.8 million in 2022.