Hyundai Motor America appointed Richard Pipenhagen as corporate sales manager. He will be responsible for developing and implementing Hyundai’s first commercial-corporate fleet group.
Previously, Pipenhagen was the national manager of Toyota Financial Services’ sales and marketing commercial finance division, where he was responsible for sales and marketing groups of more than 20 individuals, generating annual sales in excess of $300 million.
From 2003 to 2006, Pipenhagen was employed at PHH Corporation as the regional vice president of the western region. In this position he was responsible for growing and maintaining a portfolio of 400 high profile western-U.S.-based accounts, in addition to selling new business in the western states.
Pipenhagen also served as corporate vice president of sales, U.S. corporate fleet, for LeasePlan USA Inc., where he managed eight regional sales offices throughout the U.S.
Pipenhagen attended the University of Oregon and Drake University in Des Moines, Iowa.
He resides with his wife in Temecula and has three children.
Sales of vehicles to commercial fleets increased 2.1% in May, while sales to government fleets were flat, and sales into daily rental increased 29.8%.