FOUNTAIN VALLEY, Calif., July 1, 2020 - Genesis Motor America today reported sales of 1,429 units in June 2020, a 24.3 percent decrease compared with the prior year. However, Genesis enjoyed a 5.9 percent increase vs. May 2020. For the first six months of 2020, Genesis Motor America sold 7,540 units, a 24.7 percent decrease for the calendar year thus far.
"Despite a steep decline in the luxury market, Genesis increased sales significantly over last month. As the market recovers, I am confident that Genesis is well-positioned to garner a lot more attention in the second half of the year, said Mark Del Rosso, President and Chief Executive Officer, Genesis Motor North America.
Last week, J.D. Power's 2020 Initial Quality Study (IQS) ranked Genesis #1 among all premium automotive brands for the fourth consecutive year. As the #1 premium brand in the study, Genesis vehicle owners experienced 17 fewer problems per 100 vehicles than the second best luxury brand and 24 fewer problems than the average new 2020 vehicle owner that responded to the survey from JD Power.
The 2020 G70, scored at 129 PP100, was ranked the #1 Compact Premium Car for the second consecutive year. Genesis G70 owners experienced 32 fewer problems per 100 vehicles than the #2 compact premium car and 45 fewer problems per 100 vehicles than the compact premium car segment average.
"With every major accomplishment Genesis achieves as a brand; #1 Premium IQS brand for the fourth consecutive year, #1 overall brand in the J.D. Power 2020 Vehicle Dependability Study (VDS), Consumer Reports Annual Report Card Results, IIHS Top Safety Pick+ for our entire model range, all of the major third party awards our vehicles win, relatively solid and stable sales results through these trying times, and so on, Genesis is maturing into a luxury automobile brand to be reckoned with," said Mark Del Rosso, President and Chief Executive Officer, Genesis Motor North America. "Furthermore, none of these major accomplishments are unique, one-off events. With each major award or accolade, Genesis is proving itself as the brand to watch in the automotive sector."