Pretty Good

 

The Hyundai Motor Group succeeded in recording a 9 percent global market share in the third quarter of this year in spite of the appreciation of the won and its strike.

According to industry sources, the group sold a total of 1.89 million cars during the period to post a growth of 2.7 percent from a year earlier and account for 9 percent of the global total.

Market research firm LMC Automotive recently announced that 20.912 million cars were sold in that quarter. The group’s global market share had reached the 9.0 percent mark in the third quarter of 2013, but fell to 8.5 percent and 8.3 percent in the following quarters, and then rose again to 9.1 percent in the second quarter of 2014.

Hyundai Motor Company increased its sales by 2.3 percent from the previous year to 1.178 million units and to record 5.6 percent in global market share. Kia Motors sold 712,000 units to post a 3.2 percent year-on-year growth.

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