Jan 01 1970

Hyundai and Kia announced strong Q3 earnings, driven in part by robust U.S. SUV sales, easing chip supply constraints, and favorable foreign exchange rates. Margins on larger vehicles contributed significantly to bottom-line improvements.

The automakers also noted that demand for their electrified SUVs (e.g. Ioniq, EV6) helped bolster overall mix, helping offset weakness in entry sedans. They remain cautious about global headwinds but are optimistic about sustaining momentum through year-end.