Monday, December 21, 2015

Hyundai, Kia Posts Rising Sales in Europe

Hyundai and its affiliate Kia are enjoying growing sales in Europe, with their sales from January to November this year surpassing the total of last year's.

The carmakers on Wednesday said that their sales in the European market rose 10.7 percent in November on-year, leading the cumulative sales there in the first 11 months of the year to amounting to 788,000 cars compared to 778,000 cars sold in 2014.

But their combined market share fell by a small margin to 5.9 percent as the car market there is expanding amid low fuel prices.

Hyundai and Kia expect their market share to bounce back when new models of their popular cars such as the Sportage are released early next year.

Source

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