New Record
Hyundai-Kia Motors has sold well in Europe, so well that it has recorded the highest monthly sales ever.
According to Hyundai-Kia Motors, Hyundai Motor sold a total of 48,215 units in the European automobile market in March. The figure is an 11.9 percent increase from 43,076 units a year earlier.
Kia Motors also sold 44.478 units in March, a 9.9 percent increase from the same period a year ago. Both companies showed high growth rates of around 10 percent.
In particular, Hyundai Motor set a new sales record this year, surpassing the existing monthly record high sales in Europe when it recorded 48,001 units in March 2012.
According to data on new vehicle sales by manufacturer in 27 countries of the European Union (EU) in January released by the European Automobile Manufacturers Association (ACEA) on April 16, Hyundai Motor sold 54,441 units in March this year. The figure is a 17.6 percent increase from 46,285 units a year earlier. Kia Motors sold 43,671 units, a 10.6 percent increase from the same time last year.
Notably, Hyundai-Kia Motors increased its market share to 6 percent. While Hyundai Motor recorded 3.4 percent in the market share of March, Kia Motors recorded 2.7 percent. Hyundai Motor saw the 0.2 percent point growth from last year. The company got back its 6 percent market share just four months after it recorded it in November last year. Its share dropped from 6.1 percent in November last year to 5.3 percent in December, then increased to 5.8 percent in January and 5.9 percent in February this year.
The number of new vehicles registered in the 27 countries of the E.U. in March reached 1,064,107 units, a 10.6 percent increase from a year ago.