Tuesday, March 22, 2011

China: Hyundai sales soar

Hyundai has become the third best-seeling automobile brand in China this year. In the first month of 2011, the South Korean carmaker, which operates two manufacturing plants in China and has another one under construction, sold 72.000 units in January 2011 and 50.717 new vehicles in February 2011.

Despite selling less vehicles than in a month earlier, February sales still represent a 36 percent increase compared to the same month from a year ago. Hyundai's market share also rose 0.9 percentage point from 5.8 percent in January to 6.7 percent in February.

Hyundai's sister company, Kia Motors (Kia Optima colors), has also been successful last month. Although its sales soared only 4.3 percent, the company sold 25.008 new vehicles in the world's largest car market, which was enough to become the 9th largest automobile brand in China.

Hyundai, on the other hand, has taken the No.3 spot among car brands in China, following the Shanghai-Volkswagen and Shanghai-GM taking first and second spot.

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