HYUNDAI SALES FOR JUNE SET ANOTHER ALL-TIME RECORD

Sales Up 15% Over the Previous Year

FOUNTAIN VALLEY, Calif., July 2, 2002 -- Hyundai Motor America today announced sales of 37,007 vehicles for the month of June. “This is our 17th consecutive month of record-setting sales. And for the second straight month we established a new all-time sales record,” said Hyundai’s Vice President of Sales Robert Cosmai. “June sales set new all-time records for three of our models; the popular Santa Fe sport utility vehicle, the hot-selling new Tiburon and the Elantra. Hyundai has tremendous momentum in the summer sales period and we expect these strong sales to continue,” he added.

“Our customers now perceive Hyundai products as having high quality, great styling and tremendous value. And all of this is backed by America’s Best Warranty,” Cosmai said.

Following is the sales breakdown for June 2002:

CARLINE Jun-02 Jun-01 CY2002 CY2001
ACCENT 6,602 7,511 38,642 42,514
SONATA 6,112 5,013 34,777 26,656
ELANTRA 12,568 11,328 59,686 52,210
TIBURON 2,299 2,022 9,825 10,393
SANTA FE 7,481 4,655 38,623 23,825
XG350 1,945 1,611 8,556 9,045
TOTAL 37,007 32,140 190,109 164,643

# # #