April 26, 2024

• 

[THE INVESTOR] South Korean automaker Hyundai Motor shipped a record-high number of cars to the European market in 2016, data showed on January 1, helped by the robust performance of the Tucson compact SUV.

The carmaker sold 460,703 units in the European market over the January-November period, up 8.8 percent on-year, industry data showed. 

Hyundai Motor`s compact SUV Tucson.

Experts said with the figure already having surpassed 458,132 units sold for the whole of 2015, it is likely that this year's shipment will top the 500,000 unit mark if December's shipments are added.

Hyundai is also estimated to have sold more than 500,000 units in India last year, along with South Korea, the United States and China.

The Hyundai Tucson was the best-selling car in Europe over the cited period, with its sales reaching 143,886 units. The i20 and i10 hatchbacks followed with 92,565 and 80,983 units, respectively.

"We were able to post a record-high performance in Europe despite a challenging environment on the strength of the Tucson," an official from Hyundai said. "As we expect the European market to suffer from slower growth this year, we will focus efforts to expand sales based on thorough strategies."

(theinvestor@heraldcorp.com)