Sunday, November 21, 2010

Hyundai beatsToyota in terms of new car sales in Europe

Hyundai Motor Company sold more new cars in the European market than Toyota, during the first eight months of the year. In October, Hyundai and Kia sales combined topped 47,741 units, taking up 4.5 percent of the European auto market, while Toyota managed to sell 46,500 new vehicles for a 4.4 percent market share.

Hyundai Motor and Kia Motors saw its accumulated sales through October rise 3,8 percent and 4.8 percent, respectively, from a year earlier, but Toyotass salesdecreased 16,5% over the same period of time.

During the first ten months of the year, Hyundai and Kia sold 521,369 units in Europe, while Toyota sold about 10.000 units less vehicles (511,754 units).

According to, the Volkswagen Group dominates the European new car market with a 21.4 percent share. It is followed by PSA (Peugeot Citroen), which holds 13.4 percent market share and Renault SA with a 10.2 percent share.

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