Hyundai Pleased With Car Sales

Hyundai seem to be happy as it has made excellent passenger car sales this month. The company has increased its sales by 28.2 % to 36,152 units in July 2008, against 28,204 units in the same month last year.

However the domestic car market sales determined a marginal growth of 0.4 % at 15,066 units in July, against that of 15,003 units in the same month last year.

The car manufacturer has sold 30,614 units of Santro, Getz and i10, 5,504 units of Accent and Verna, 28 units of Sonata Embera and 5 units of its SUV Tucson in the month of July.

Several auto companies sense that it has been a challenging month for the entire car industry with the pressures disturbing market sentiments like inflation, increase in interest rates and fuel prices.