Foreign automaker has record 2025 despite tariffs, plans bigger 2026

Industry Overview - The U.S. auto industry has undergone significant transformation over the past fifty years, remaining the second-largest market globally, following China [1] Market Share and Sales Performance - General Motors leads the U.S. market with a 17% share, followed by Toyota at 15%, Ford at 13%, Hyundai at 11%, and Honda at 9% according to Cox Automotive data [3] - In 2024, General Motors sold 2.83 million vehicles, marking a 5.1% year-over-year increase, while Toyota sold 2.52 million vehicles (+8.4% YoY), Ford sold 2.18 million vehicles (+5.6% YoY), Hyundai sold 1.84 million vehicles (+7.9% YoY), and Honda sold 1.42 million vehicles (+0.6% YoY) [7] Hyundai's Performance - Hyundai achieved record annual retail sales for the fifth consecutive year, selling 772,712 vehicles in the U.S. in 2025, contributing to over 900,000 global sales [6] - The company reported a 10% year-over-year increase in global sales for the first half of 2025, with 439,280 vehicles sold, and a 10% increase in the second quarter to 235,726 units [4] - June sales in North America increased by 3% year-over-year to 69,702 units, continuing the momentum into the second half of the year [5] Electric Vehicle Sales - Electric vehicles accounted for 30% of Hyundai's total sales, with the IONIQ 5 being the best-selling EV, purchased by over 47,000 Americans last year [8] Manufacturing Footprint - Hyundai's Alabama plant, established in 2005, employs approximately 4,200 people and has produced over 6.2 million vehicles since its opening, with nearly 360,000 vehicles produced last year [9]