HYUNDAI SALES FOR AUGUST SET ANOTHER RECORD

August Sales Up 16.8% Over the Previous Year

FOUNTAIN VALLEY, Calif., Sept. 3, 2002 -- Hyundai Motor America today announced that August was an all-time record month with sales of 40,266 vehicles. This is the first time in its history that Hyundai has surpassed the 40,000 unit level. “This is our 19th consecutive month of record-setting sales,” said Hyundai’s Vice President of Sales Robert Cosmai. “Compared to last year at this time, Hyundai sales are up 16 percent YTD,” Cosmai said.

“Sales were led by the Elantra and the Santa Fe sport utility vehicle, both of which set new all-time records in August. Buyers looking for styling, performance and value have given Hyundai tremendous sales momentum this year and we expect these strong sales to continue,” he added.

“Hyundai cars and sport utility vehicles are backed with America’s Best Warranty, The Hyundai Advantage. Our customers have confidence knowing their Hyundai vehicles are covered by a 10-year/100,000-mile powertrain warranty, a 5-year/60,000-mile bumper-to-bumper warranty, 5-year/unlimited miles roadside assistance program and more,” Cosmai explained.

Following is the sales breakdown for August 2002:

CARLINE Aug-02 Aug-01 CY2002 CY2001
ACCENT 7,566 7,662 52,821 56,993
SONATA 6,940 5,397 48,227 37,060
ELANTRA 13,731 12,341 85,987 75,609
TIBURON 2,114 1,918 13,924 14,144
SANTA FE 8,012 5,606 54,172 34,577
XG350 1,863 1,550 11,948 11,923
TOTAL 40,266 34,474 267,079 230,306

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