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Cars and Drivers

Hyundai Likely Winner Of December Car Sales Sweepstakes

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By Douglas A. McIntyre Updated Published
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Hyundai is likely to continue its string of sharply improved monthly sales in December.The firm is expected to sell 63,000 cars this month when its Hyundai and Kia nameplates are taken together. That figure would put it close to Nissan’s projected 70,000 units for December, according to car research firm Edmunds. Hyundai’s share of the American market would move to 6.3%.

Ford (NYSE:F) is expected to be the winner among The Big Three with sales up 25% unadjusted for the difference is selling days between December 2008 and 2009. Ford’s market share is expected to reach 17.2% on the sales of 172,000 vehicles. That would move Ford close to its rival GM, which is expected to have sales of 206,000 units and a market share of 20.4%. Ford could pass GM in share next year based on the trends at each company.

Toyota (NYSE:TM) is expected to lead the Japanese car companies with sales of 185,000 units, putting it ahead of Ford with a market share of 18.3% for the month. Honda (NYSE:HMC) is expected to sell 100,000 cars and light trucks and have a market share of 9.9%.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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