Wednesday, November 13, 2019
Hyundai-Kia Ranks 4th in European Auto Market
Market Share Rebounds to 8% Range
Hyundai-Kia Ranks 4th in European Auto Market
  • By Michael Herh
  • November 5, 2019, 14:37
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Hyundai Motor Group ranked fourth in the European car market in September as its market share rebounded to the 8 percent range in one year.

Hyundai Motor Group ranked fourth in the European car market as its market share rebounds to the 8 percent range in one year. Excluding European carmakers, the combined share of Hyundai Motor and Kia Motors came in first in the market.

Hyundai and Kia jointly recorded an 8.0 percent share in 28 EU member states in September, said the European Automobile Manufacturers Association (ACEA in French) on Nov. 3. The group reached the 8 percent level in 12 months since it posted 8.6 percent in September last year.

In September, Hyundai-Kia ranked fourth after Volkswagen (20.0 percent), PSA (16.5 percent) and Renault Group (9.7 percent). Excluding European companies, Hyundai-Kia placed first, outperforming Japanese automakers such as Toyota (5.6 percent). Hyundai-Kia outsold BMW Group (7.9 percent) and Daimler Group (7.9 percent) as well.

Hyundai Motor Group has been ranking fourth or fifth in the European market. In September, Hyundai Motor sold 50,601 units (4.1 percent) and Kia 49,410 units (4.0 percent). They sold 100,011 units in total. Sales grew 6.7 percent over a year ago.

From January to September of this year, Hyundai-Kia sold 798,070 units (6.8 percent). Its market share rose 0.2 percentage points from the same period of last year. Hyundai-Kia picked up fourth place after Volkswagen (24.3 percent), PSA Group (16.4 percent) and Renault Group (10.6 percent).