Hyundai Announces Jaw-Dropping February

Major carmakers around the world had their eyes on Hyundai's growing muscle for a while. In the business, you call that benchmarking. Now, the benchmarking sensors sound alarm: Hyundai announced yesterday that its February global sales jumped 28 percent from a year earlier. According to Reuters, strong overseas sales could more than offset that offset a lull in sales at home in Korea. Hyundai's U.S. sales jumped 18 percent. Hyundai's overseas sales rose 32.5 percent to 307,332 in February compared to 231,879 for the same month a year ago. Domestic sales were up slightly at 53,647 compared to 49,405 a year ago. People like Nissan/Renault CEO Carlos Ghosn expect the worldwide car market to expand by 4 percent from 75 million last year to 78 million in 2012. If Hyundai keeps that up, they will book a serious gain of market share this year.     from The Truth About Cars http://www.thetruthaboutcars.com

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