Hyundai Motor Group’s sales in the European Union improved last month, ranking fourth in terms of market share, helped by robust sales of new models, industry data showed on Feb. 18.
Hyundai Motor and Kia Motors sold a combined 80,793 vehicles, or 6.8 percent of the total in the large common market, in January, up 0.3 percent from a year earlier, according to the European Automobile Manufacturers’ Association (ACEA).
In contrast, new car registrations in the 28 EU member states dropped 4.6 percent year-over-year to 1.2 million units in the first month of 2018 amid slowing economies and stricter emission regulations, the latest ACEA tally showed.
The Korean automaker’s ranking trailed those of Volkswagen Group that had a market share of 24 percent, as well as Peugeot’s 17 percent, and Renault’s 9.7 percent, the findings showed.
By Ram Garikipati and newswires (firstname.lastname@example.org)