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THE INVESTOR
December 13, 2019
Big Reunion

Automobiles

Hyundai, Kia increase market share in Sweden

  • PUBLISHED :April 12, 2017 - 16:02
  • UPDATED :April 12, 2017 - 16:48
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[THE INVESTORHyundai Motor and  Kia Motors increased their market share in Sweden last year, a state-run trade agency said on April 12.

Hyundai and Kia sold a combined 31,532 vehicles in Sweden in 2016, gaining an 8.47 percent share in the passenger car market.




The figures were up from 26,288 units and a 7.62 percent share a year earlier, data by the Korea Trade-Investment Promotion Agency.

“A combination of increased disposable income, low unemployment and low interest rates allowed customers to open up their wallets to buy a new car,” KOTRA said.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)

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