Hyundai Motor Company and Kia Approached 10% Market Share in Europe Last Month... Sales Volume Also Up 30%

Hyundai Motor Company and Kia's cumulative sales from January to November this year reach 943,433 units, a 23% increase compared to last year
Last year surpassed 7% market share for the first time... expected to exceed 8% this year

[Asia Economy Reporter Ki-min Lee] Hyundai Motor Company and Kia sold approximately 86,000 vehicles in Europe last month, marking a 30.4% increase compared to the same month last year. This accounts for one-tenth of the total European automobile market size last month.

According to the European Automobile Manufacturers Association (ACEA) on the 17th, Hyundai and Kia sold 45,837 and 40,056 units respectively in Europe last month, totaling 85,893 vehicles. Compared to November of last year, Hyundai's sales increased by 41.6%, while Kia's rose by 19.6%.

The total European market last month recorded 864,119 units, a 17.5% decrease compared to the same month last year. However, Hyundai and Kia's sales increased, leading to a rise in market share. Hyundai and Kia's combined market share in Europe last month was 9.9%, up 3.6 percentage points from November last year. Of this, Hyundai's share increased by 2.2 percentage points to 5.3%, and Kia's rose by 1.4 percentage points to 4.6% compared to last year.

The main models Hyundai sold locally in Europe last month were Tucson (12,349 units), Kona (7,945 units), i20 (4,972 units), i30 (4,758 units), and i10 (4,230 units). For Kia, the sales were driven by Ceed (11,765 units), Niro (7,347 units), Sportage (5,493 units), Stonic (4,428 units), and Morning (4,160 units).

The key eco-friendly models Hyundai and Kia sold in the European market last month included Niro (EV 4,258 units, HEV·PHEV 3,089 units), Tucson (HEV 3,822 units, PHEV 2,235 units), and Kona (EV 3,883 units, HEV 1,256 units). Notably, electric vehicle sales last month increased by 45.5% compared to November last year, reaching 15,574 units.

From January to November this year, Hyundai and Kia's cumulative sales reached 943,433 units, a 23% increase compared to last year. This corresponds to an 8.7% share of the total European market (10,824,670 units) during the same period. Following the first time Hyundai and Kia surpassed a 7% annual market share in Europe last year, they are expected to exceed the 8% mark within a year. Hyundai sold 472,852 units, a 24.3% increase compared to the same period last year, while Kia sold 470,581 units, up 21.7%.

The cumulative electric vehicle sales from January to November this year also increased by 42.4% compared to the same period last year, reaching 120,457 units. The cumulative sales ranking of Hyundai and Kia electric vehicle models in Europe from January to November this year was Niro EV (43,188 units), Kona (40,732 units), Ioniq 5 (15,849 units), Ioniq Electric (8,158 units), Soul EV (7,410 units), and EV6 (5,120 units). Since Ioniq 5 began full-scale sales in Europe in May and EV6 started in October this year, these models are expected to lead Hyundai and Kia's electric vehicle sales next year as well.

This content was produced with the assistance of AI translation services.