Good Performance in Europe
The market share of Hyundai-Kia Motors in Europe reached the highest within a year, primarily because performances of global manufacturers are quite poor.
According to the Association des Constructeurs Européens d'Automobiles (ACEA) on Sept. 17, the market share of Hyundai-Kia in Europe was 6.6 percent in August, the highest since August last year (6.6 percent).
The market share of Hyundai Motor was 3.6 percent and that of Kia Motor returned to the 3 percent level for the first time since September 2012's 3.1 percent. By sales performance and company, Hyundai Motor sold 25,475 vehicles and Kia Motor 21,009 vehicles, 1.2 percent and 4.5 percent growth, respectively, compared to the same period last year.
The market share of Hyundai-Kia Motor, which has been struggling in the European market, increased because performance of other global manufacturers including Renault Group (-3.3 percent), GM Group (-15.0 percent), BMW Group (-0.8 percent), and Toyota Group (-8.4 percent) were relatively poor.