Hyundai, Kia command record-high 9.9% share in Europe up to Q3 2022

South Korea’s Hyundai Motor Co. and Kia Corp. sold a combined 821,531 vehicles in Europe up to September this year, rising 6.6% from a year earlier. Hyundai Motor’s vehicle sales rose 3.2% to 395,649 units, and Kia up 9.8% to 425,882 units. On the back of strong sales, Hyundai Motor Group’s market share in the European market climbed 1.5%p on year to record-high 9.9% – Hyundai Motor with a 4.8% share (up 0.6%p) and Kia with a 5.1% share (0.9%p) – ranking No. 3 in Europe after Volkswagen (24.5%) and Stellantis (18.9%). Hyundai Tucson and Kia Ceed were the best-selling models, while Hyundai Motor Group’s EV sales jumped 21.0% on year to 109,626 units in the first nine months of this year.

[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]