Monday, December 28, 2009

Hyundai sales in Eastern Europe slows down

According to KAMA, Korea Automobile Manufacturers Association, South Korean automakers experienced slower sales in Eastern Europe in the first eleven months of 2009.

Their sales performance has been affected by economic slump in the region. Overall auto sales in Russia fell from 2.69 million units in 2008 to 1.34 million units in 2009.

Reportedly, Hyundai Motor Company and other South Korean automakers including Kia and GM Daewoo have sold a total of 88.547 new cars in Russia and some Eastern European markets in the first 11 months, while a year earlier they sold 378.395 new cars.

The report also mentioned that on the other hand, Hyundai achieved some good results in the US market. Its manufacturing plant, which produces Santa Fe SUV and Sonata sedan rolled out a millionth car last month after only four and a hlf years since opening!

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