Genesis Motor America today reported sales of 10,007 for the first two quarters of 2019, a 38 percent increase compared with the prior year. For the month of June, Genesis counted 1,887 vehicles sold. This positive sales momentum is reflective of the great progress we’ve begun to make with our new Genesis Retail Network and appreciation for our portfolio of award-winning vehicles. After initial availability constraints across the growing network of new Genesis retailers in Q4 2018 that resulted in 408 G70 retails, Q1 2019 sales increased 447 percent to 2,231 units and increased another 56 percent in Q2 2019 to 3,484 units.
“Our year-over-year sales growth represents far more than an uptick,” said Erwin Raphael, COO of Genesis Motor America. “Over the last three years, Genesis has already earned a reputation for consumer loyalty and satisfaction, and we are now well along the way to having a retail network to begin to achieve the sales to match.” Leading the charge are some 318 Genesis retailers across the country: more than double the number of fully operational retailers that were in place at the end of 2018. Approximately 50 Genesis retailers are already working on their plans for separate Genesis facilities. Going forward, the needs of specific markets will determine whether these Genesis showrooms will exist as standalone stores or retail storefronts in popular local malls. In addition, the first Genesis Brand Center in New York City is slated to open before the end of the calendar year.