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The Latest Breaking News from Randy Parker

BYD Isn't Tesla's Only Asian Threat — This EV Maker Is Smashing Records

Electric vehicle giant Tesla Inc (NASDAQ:TSLA) is seeing weaker demand for its vehicles in the United States for numerous reasons, including increased competition from foreign automakers launching new vehicles in the United States.

Benzinga

Hyundai's Tariff Strategy: 'Sell Like Hell'

The current state of the auto industry feels a lot like a scene from The Office—automakers are putting on a brave face while trying to hide the fact that they secretly shaking in their boots over tariffs. I'll tell you this much: Hyundai is pulling off the brave act so…

InsideEVs

Automakers Hold Their Breath On Trump's Erratic US Tariffs

US President Donald Trump's aggressive but fast-changing trade policy has foisted difficult questions on carmakers that they have not yet been forced to answer.

International Business Times

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Hyundai Tells Dealers To Brace For Tariff Impacts

Today is April Fools' Day. But you know what's no joke? Tariffs, which are on the docket to begin in an unprecedented way tomorrow. Automakers across the globe are scrambling to figure out how to deal with them, and soon dealers will need to figure out how to convince consumers…

InsideEVs

Hyundai Motor Group Just Hit A Major EV Sales Milestone

Last summer, as many rivals were backing off their electric vehicle plans as sales proved to be growing less quickly than expected, Korea's Hyundai Motor Group was singing a different tune. "We're gonna keep our foot on the accelerator" is what Hyundai Motor America CEO Randy Parker told me in an…

InsideEVs

'It's Going To Be Tough': Hyundai On EV Competition In Second Half Of 2024

Today on Critical Materials, Hyundai warns of EV competition for 2H24 and prepares for a dealership legal battle. Plus, Afeela and Honda to share EV platforms.

InsideEVs

‘Foot On The Accelerator’: Hyundai And Kia’s EV Push Pays Off As Rivals Back Down

As production at a new Georgia "Metaplant" looms, the Korean automakers race ahead with EVs. Hyundai’s North American CEO says they’re just getting started.

InsideEVs

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Hyundai Ioniq 5 And 6 Are Profitable; Company 'Studying' Range Extenders, CEO Says

Randy Parker, Hyundai Motor America's CEO, says the Korean automaker wants to offer options but is "all-in on EVs."

InsideEVs

Here's How Hyundai Will Sell You A Car On Amazon

The Korean automaker has big plans for internet sales on everyone's favorite e-commerce site, but dealers are still involved.

InsideEVs

Chip shortage keeps driving up auto prices, cutting sales

U.S. new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry

The Independent UK

Hyundai Motor America Registers 12.9% Sales Decline In June

Hyundai Motor Co. Ltd (OTC:HYMTF) reported a 12.9% Y/Y decrease in U.S. sales to 63,091 units during the month of June. June U.S. retail sales declined 5.5%. June was the highest sales month in 2022. "Hyundai's Q2 retail sales continue to highlight a terrific product mix, and consumer demand for our SUV lineup…

Benzinga

Read How Hyundai Motor America Performed In May

Hyundai Motor Co's (OTC:HYMTF) Hyundai Motor America reported sales of 59,432 units for the month of May, a 34% decrease year-over-year. The automaker had no fleet sales in May 2022. The company has sold 280,776 units year-to-date, a 16% decline Y/Y. Randy Parker, SVP, national sales, Hyundai Motor America, said, "We expect demand…

Benzinga

Hyundai Clocks 20% US Retail Sales Decline In April

Hyundai Motor Company (OTC:HYMTF) said its U.S. retail sales for the month of April declined 20% year-over-year. The auto major sold 61,668 units in April in the U.S. versus 77,523 units sold last year. Electrified vehicle retail sales increased 68% Y/Y in April. The company's year-to-date retail sales in the U.S. fell 10%…

Benzinga

Hyundai Motor America Posts 10% Jump In January Sales

Hyundai Motor Co (OTC:HYMTF) said its U.S. sales for January increased 10% year-on-year to 47,872 units. Sales of Hyundai Tucson and Venue jumped 64% and 70% respectively to 13,085 units and 2,290 units. "High levels of consumer interest across our product lineup resulted in record-breaking January sales even as we continue to navigate…

Benzinga

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