Hyundai, Kia’s Europe Gross sales Hit New Excessive In 2023

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Seoul, Jan 19 (IANS) Hyundai Motor and its smaller affiliate Kia on Thursday mentioned that their car gross sales in Europe hit an all-time excessive in 2023 on brisk demand for SUV and electrical fashions.

Hyundai and Kia offered a mixed 1,106,467 models in Europe final 12 months, up 4.3 per cent from a 12 months earlier, the businesses mentioned, citing information from the European Car Producers’ Affiliation (ACEA).

The quantity broke the earlier file of 1,065,227 autos set 4 years earlier. Their European gross sales surpassed the 1 million mark for 3 years operating in 2023, reviews Yonhap Information Company.

Hyundai noticed its high line develop 3.1 per cent in 2023 from a 12 months earlier, with Kia’s gross sales climbing 5.4 per cent.

Hyundai and Kia accounted for 8.6 per cent of the European passenger car market final 12 months, trailing Volkswagen Group with a share of 25.9 per cent, Stellantis’ 16.6 per cent and Renault Group’s 9.7 per cent. Hyundai and Kia’s proportion was down 0.8 proportion level from a 12 months earlier.

Hyundai and Kia, which belong to South Korea’s high automaker, Hyundai Motor Group, took the No. 4 spot for the third straight 12 months.

Hyundai’s bestselling fashions included the Tuscon and Kona SUVs, in addition to the Kona and Ioniq electrical autos.

In December, Hyundai and Kia noticed mixed gross sales in Europe rise 5.1 per cent on-year to 77,059 models, with their market share edging up 0.6 proportion level to 7.3 per cent, in accordance with the ACEA information.

–IANS

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