Hyundai’s milestone

KATHMANDU: Hyundai Motor marked a monumental milestone on Wednesday, selling its 10 millionth vehicle in the United States. Having started in 1986 with a single nameplate, reaching 10 million sales is a significant achievement that showcases the success of Hyundai Motor’s continually expanding lineup. Hyundai Motor entered the US market in 1986 with the subcompact Excel, and with very little awareness of the Hyundai Motor’s brand or its products, customer response was immediate. It sold 168,882 Excels right out of the gate. Within seven months, the company sold its 100,000th Excel, helping to set an industry record for the most first-year sales for an import car company. Hyundai Motor has since demonstrated its high-velocity growth by achieving increased year-over-year sales volume for the past seven consecutive years.