Hyundai exec: Online sales will help with virus resurgence
DETROIT (AP) — The past five years have been rough for Hyundai in the U.S. as it scrambled to catch up with a shift in consumer preferences from cars to trucks and SUVs. The South Korean auto company ran through multiple leaders as it added utility vehicles to a car-heavy lineup. But sales fell after peaking in 2016. Early last year, Jose Munoz left Nissan to become the latest CEO of Hyundai’s operations in the Americas. Sales rose in 2019 as the new SUVs took hold. Then the coronavirus hit. Munoz says Hyundai was doing well before the virus, so it fared better than others since the pandemic hit. And he says Hyundai is ready if stay-home orders return.