HYUNDAI CONTINUES RECORD SALES PACE

February Sales Set Another New Record

FOUNTAIN VALLEY, Calif., March 1, 2002 -- Hyundai Motor America today announced sales of 28,503 vehicles for the month of February, setting another new sales record for the month. “Hyundai sales were up 15% over last February,” said Robert Cosmai, Vice-President of Sales for Hyundai Motor America. “This marks our 13th consecutive month of record-setting sales and we expect these surging sales to continue. Our product lineup is fresh and sales of our exciting all-new 2003 Tiburon sporty coupe, which has just started to arrive in dealer showrooms, will continue to grow as the supply increases,” he added.

“In addition to our complete line of high-quality, high-value vehicles, another factor bringing customers into Hyundai showrooms is The Hyundai Advantage, America’s Best Warranty” Cosmai said. “Hyundai buyers are covered by a 10-year/100,000-mile powertrain warranty, a 5-year/60,000-mile bumper-to-bumper warranty, a 5-year/100,000-mile anti-perforation warranty and 5-year/unlimited-mile roadside assistance protection,” he added.

Following is the sales breakdown for February 2002:

CARLINE Feb-02 Feb-01 CY2002 CY2001
ACCENT 6,448 7,272 12,580 13,775
SONATA 5,953 4,209 11,937 7,721
ELANTRA 7,956 7,336 15,367 13,013
TIBURON 1,380 1,232 2,173 2,368
SANTA FE 5,726 3,614 11,137 7,772
XG350 1,040 1,137 2,435 2,409
TOTAL 28,503 24,800 55,629 47,058

# # #