Hyundai Motor and Kia Near 10% Market Share in Europe... "All-Time High"

[Asia Economy Reporter Yoo Hyun-seok] Hyundai Motor and Kia recorded a cumulative market share of 9.9% in Europe for the first three quarters, marking an all-time high.

According to the European Automobile Manufacturers Association on the 18th, Hyundai Motor and Kia's cumulative market share based on sales from the first to the third quarter was 9.9%, an increase of 1.5 percentage points compared to the same period last year. This is the highest market share in the European market, surpassing the previous record of 8.4% set in the first to third quarters of last year. Individually, Hyundai Motor and Kia recorded market shares of 4.8% and 5.1%, respectively, increasing by 0.6 percentage points and 0.9 percentage points compared to the same period last year.

Notably, Hyundai Motor and Kia rank third in market share in Europe. The first place is held by the Volkswagen Group with 24.5%, followed by Stellantis (18.9%), Hyundai Motor and Kia, Renault Group (9.3%), and Toyota Group (7.2%).

Hyundai Motor and Kia sold a cumulative total of 821,531 units in Europe up to the third quarter, a 6.6% increase compared to the same period last year. Individually, Hyundai Motor and Kia sold 395,649 and 425,882 units, respectively, marking increases of 3.2% and 9.8% compared to the same period last year.

Hyundai Motor's Tucson was the best-selling model with 93,727 units sold, followed by the Kona and i30 with 62,751 and 35,583 units, respectively. Kia's Ceed was the top seller with 109,614 units, followed by the Sportage and Niro with 108,973 and 63,002 units, respectively.

Hyundai Motor and Kia's cumulative electric vehicle sales in Europe up to the third quarter this year reached 109,626 units, a 21.0% increase compared to the same period last year. This marks the second consecutive year surpassing 100,000 units. Kia's EV6, produced on the dedicated electric vehicle platform E-GMP, sold 22,504 units, and the Ioniq 5 sold 21,642 units.

Meanwhile, Hyundai Motor and Kia's sales in Europe for September this year totaled 106,630 units, with 47,510 units for Hyundai Motor and 53,153 units for Kia.

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