HYUNDAI SETS ALL-TIME SALES RECORD IN 2001 DECEMBER SALES SET ELEVENTH CONSECUTIVE RECORD

FOUNTAIN VALLEY, Calif., Jan. 2, 2002 - Hyundai Motor America today announced record sales of 24,413 vehicles for the month of December, up 39 percent over the previous year. Sales in 2001 also reached a new milestone – 346,235 which set a new all-time record for Hyundai in the U.S. up 42 percent over 2000.

“Hyundai’s phenomenal record growth during the past three years is due to three basic factors,” said Hyundai’s Vice President of Sales, Robert Cosmai. “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 December 2001:

VEHICLE Dec-01 Dec-00 CY2001 CY2000
ACCENT 5,335 5,287 79,480 66,736
SONATA 4,939 2,084 62,385 45,983
ELANTRA 6,942 4,569 111,293 104,099
TIBURON 884 968 19,196 15,237
SANTA FE 5,445 3,856 56,017 10,332
XG300 868 759 17,884 2,004
TOTAL 24,413 17,533 346,235 244,391

Editor’s Note: Robert Cosmai is available for interviews regarding HMA’s December sales. For an interview, please contact Chris Hosford at (714) 965-3470 or Mike Anson at (714) 965-3366.

# # #