Industry
Hyundai's April sales more than double on SUV demand
May 3, 2021
Hyundai Motor Co. said Monday its sales more than doubled last month from a year earlier on robust demand for its SUV models despite the COVID-19 pandemic. The country's biggest carmaker sold 345,777 vehicles in April, up from 167,693 units a year earlier, helped by strong demand for the Palisade SUV, the Nexo hydrogen fuel-cell electric vehicle, and the Genesis GV70 and GV80 SUVs, the company said in a statement. On top of robust SUV sales, the company benefited from a base effect, in which i