Hyundai, Kia Expected to Sell Over 1 Million Cars in Europe This Year
04 October, 2018
Hyundai and its affiliate Kia's combined sales are expected to surpass 1 million cars in Europe, the carmakers said on Wednesday.
They sold some 715,050 units in the first eight months of this year, an 8 percent on-year increase from the same period last year. At this rate, they are likely to hit the 10-million milestone in annual sales for the first time in Europe, making it the third market in which they will have achieved the feat, after the U.S. and China.
Hyundai made an inroad into the European market by exporting the first-ever Korean sedan, the Pony, to Greece in 1977.
Hyundai and Kia have shown steady growth in Europe, with a market share of 6.4 percent this year, up from 3.4 percent some 10 years ago. They ranked fifth there in overall sales, and took the top spot among non-European carmakers like Ford, Nissan and Toyota.