Hyundai Sonata chalks up new record
"Sonata's redesign in early 2010 demonstrated that mid-size sedans that paired bold design and fuel-efficiency with long-time segment essentials such as roominess, safety and durability could really break through," said John Krafcik, president and CEO, Hyundai Motor America.
Sonata's retail sales mix demonstrates the strength of its segment-first all-four-cylinder powertrain offering, including the well-equipped GLS, sport-focused SE, premium Limited, and fuel-efficient Hybrid. Through November, 52 percent of Sonata sales were GLS, 18 percent SE, 22 percent Limited, and eight percent Hybrid. Performance enthusiasts drove the mix of the 274-horsepower 2.0T turbo-charged model, available on both SE and Limited, to 13 percent of retail Sonata sales.
In addition, while the mid-size segment as a whole experienced a significant 20 percent growth in fleet sales (primarily rental cars) in 2012, Sonata's record sales this year come with a lower fleet mix and fewer rental car sales than last year, dropping from an 11 percent fleet mix in 2011 to a projected 9 percent in 2012.
Within the segment, only the Honda Accord had a lower fleet mix. Mid-size segment fleet sales will represent about 21 percent of total mid-size car sales in 2012. Most competitors, including those with all-new models, significantly increased sales to rental car companies and other fleets in 2012.
Krafcik said Sonata's on-going sales success has been accompanied with not only low fleet mix but also very low incentive spending, yielding some of the highest residual values in the segment. According to Autodata, Sonata incentive spending through November is the lowest of all the top-ten best-selling mid-size sedans at just $1,350 per vehicle, more than 40 percent below segment average. By Joseph Szczesny