HYUNDAI SALES FOR JULY SET ANOTHER RECORD

Sales Up 18% Over the Previous Year

FOUNTAIN VALLEY, Calif., Aug. 1, 2002 -- Hyundai Motor America today announced sales of 36,744 vehicles for the month of July. “This is our 18th consecutive month of record-setting sales,” said Hyundai’s Vice President of Sales Robert Cosmai. “July sales were very strong, led by the Elantra and the hot-selling Santa Fe sport utility vehicle which both set new all time monthly sales records. Buyers looking for styling, performance and value have given Hyundai tremendous sales momentum this year and we expect these strong sales to continue through the summer,” he added.

“By backing our cars and sport utility vehicles with America’s Best Warranty, The Hyundai Advantage, we provide our customers with the 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 added.

Following is the sales breakdown for July 2002:

CARLINE Jul-02 Jul-01 CY2002 CY2001
ACCENT 6,613 6,817 45,255 49,331
SONATA 6,510 5,007 41,287 31,663
ELANTRA 12,570 11,058 72,256 63,268
TIBURON 1,985 1,833 11,810 12,226
SANTA FE 7,537 5,146 46,160 28,971
XG350 1,529 1,328 10,085 10,373
TOTAL 36,744 31,189 226,853 195,832

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