IIHS found U.S. theft claims were nearly twice as common for Hyundai Motor and Kia Corp. than other manufacturers vehicles for the 2015 through 2019 model years.
The Yorkville, NY, dealership sells six times more vehicles than it did a year ago, after being acquired by dealer principal Frank Mastrovito.
The seasonally adjusted, annualized rate of sales fell to 12.81 million in May, according to Motor Intelligence.
The state inked deals with Rivian and Hyundai Motor Group for two EV factories to bring in over $10 billion in auto industry investment and 15,000 assembly jobs.
The loss leader in this equation was Toyota Motor Corp., which saw April sales volume fall 23%.
Hyundai Motor Corp. will build an assembly plant in the U.S. for electric vehicles and batteries, COO Jose Muñoz announced.
By sharply reducing fleet sales, Hyundai can deliver more inventory to dealers.
Hyundai has announced an influx of new investments in the Asia-Pacific, Europe, and North America to fast-track the company’s EV business.
Experts predict the Russian invasion of Ukraine could slash global production of new cars and trucks by millions of units in 2022.
The number of potentially affected vehicles has also fallen with 4,622,752 vehicles affected so far.
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