HYUNDAI SALES FOR MAY SET ALL-TIME RECORD

Sales Up 10% Over the Previous Year

FOUNTAIN VALLEY, Calif., June 3, 2002 -- Hyundai Motor America today announced sales of 34,696 vehicles for the month of May, setting a new all-time sales record. “Hyundai sales were up nearly 10% percent over last May,” said Robert Cosmai, vice-president of sales for Hyundai Motor America. “This marks our best sales month ever and 16th consecutive month of record-setting sales. May sales also set a new all-time record for the popular Hyundai Santa Fe sport utility vehicle. Hyundai has tremendous momentum going into 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 May 2002:

CARLINE May-02 May-01 CY2002 CY2001
ACCENT 6,515 7,559 32,040 35,003
SONATA 5,534 4,561 28,665 21,643
ELANTRA 11,953 10,656 47,118 40,882
TIBURON 2,235 2,347 7,526 8,371
SANTA FE 6,781 4,872 31,142 19,170
XG350 1,678 1,602 6,611 7,434
TOTAL 34,696 31,597 153,102 132,503

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