April Sales

[YEH]

Down around 50% for Genesis w/ G80 sales off nearly 75% down to 161 (not surprising considering the new model is around the corner).

Genesis - 806
G70 - 551
G80 - 161
G90 - 94

Hyundai, as a whole, actually fared better than most other automakers for the month. w/ retail sales down just 28% compared to April of 2019 and actually up 6% from March.

ATP for H/K/G is $27.5k, closing in on Honda/Acura $28.6k, but outsold Honda/Acura.

W/ increased production capacity for the Telluride and the F/L Santa Fe, the new Sorento and Optima and the GV80 and new G80 - H/K/G should pass H/A in the near future (the Sonata now has the highest ATP within its segment).

Word from Korea is that Hyundai is switching production around to better meet domestic demand as conditions there are business as usual than in the US or Europe.

That means increased production for the Palisade, GV80 and G80.

So Genesis should be better able to work thru the backlog of KDM pre-orders, which should also mean increased supply for NA sooner than later.

 

[MyCorvette]

I heard gossip from people working in HMA/GMA, looks like management is planning a massive lay off. Not sure whether this is true and when it will happen though.

Someone also told me this is part of the lay off plan:

Stunner: Head of Design, Luc Donckerwolke, resigns...

 

[YEH]

For April, Genesis smashed its previous domestic sales record (6,404) w/ 10,217 sold.

There were 4,324 GV80s sold for the month (previous month, over 3,300 were sold).

But the new G80 outpaced its CUV counterpart in sales.

W/ the GV70 and F/L G70, Genesis should be able to hit the 15k/month barrier.

For context, Acura sold 10,341 in May and 13,547 for May of 2019.