Hyundai Sales Went Down The Hill In December

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Hyundai probably didn’t really enjoy the New Year’s, as they’ve had quite a disappointing December in sales, despite the fact that they’ve also recently rolled out a major redesign. The automaker announced on Tuesday that their North American sales has gone down the hill; dropping at 1.5% last month.

Apparently, Hyundai Motor and Kia Motor Chairman Chung Mong Koo was some sort of a soothsayer; he had predicted the slower growth in the year ahead for the company due to China’s economic slowdown and unfavourable exchange rates. Well, that explains the rough patch Hyundai is currently going through, even though it’s just a brand new month of the new year.

And even though Hyundai’s assembly plant had rolled out 13,000 fewer vehicles compared to 2014, it’s not entirely trapped forever; the company’s Tucson were up 34% for the year, and Santa Fe sales were up 9% too. Well, for what it’s worth, here’s hoping that 2016 would be a better turnaround for the company.