Hyundai’s Best Quarter Since Early 2017
Hyundai Motor Company turned in one of its best quarterly operating profit in the past two years. The company has reported that it is on track for higher profit margins in 2020 thanks expected sales powered by more sport-utility vehicles (SUVs) such as the Palisade and Kona.
The better than expected operating earnings gave fuel to a recent rise in shares. This also indicated that measures by Hyundai Motor Group heir apparent Euisun Chung’s revamp of the automaker known for mostly sedans were beginning to pay off.
Hyundai expects SUVs to account for approximately 43% of their sales in 2020. This also to be supported by the launch of a new premium Genesis brand SUV in the second half of the year. Adding to the Genesis SUV offerings include the recently released GV80.
The demand and interest in SUVs from Hyundai are high! Come and learn more by taking a test drive here at Hyundai of Louisville. Located 6633 Dixie Hwy, Louisville, KY 40258. Our view our inventory of SUVs online by clicking HERE!