HYUNDAI’S RECORD SALES CONTINUE OCTOBER SALES SET NINTH CONSECUTIVE RECORD

FOUNTAIN VALLEY, Calif., Nov. 1, 2001 - Hyundai Motor America today announced record sales of 34,051 vehicles for the month of October, up 95 percent over the previous year and the ninth consecutive record sales month in the U.S.

“All-time sales records were set in both the XG300 and Sonata carlines,” said Hyundai’s Vice President of Sales, Robert Cosmai. “Customer reaction to the redesigned 2002 Sonata has been outstanding. There are three basic factors driving Hyundai’s sales growth,” Cosmai explained. “First is our consistent marketing message, building the Hyundai brand and reinforcing the Hyundai value story as a ‘smart buy’ in each market segment. Second is our focused dealer organization and, of course, there is The Hyundai Advantage, America’s Best Warranty, featuring 10-year/100,000-mile powertrain protection.”

Following is the sales breakdown for October 2001:

VEHICLE Oct-01 Oct-00 CY2001 CY2000
ACCENT 5,478 4,599 68,279 56,638
SONATA 7,768 2,881 51,523 41,601
ELANTRA 10,507 6,195 96,134 94,388
TIBURON 1,557 1,074 17,127 13,238
SANTA FE 5,881 2,443 45,332 2,849
XG300 2,860 281 16,128 298
TOTAL 34,051 17,473 294,523 209,012