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199660
Mon, 08/08/2011 - 03:59
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https://oananews.org//node/199660
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Hyundai Motor Group's U.S. share hits record 14.6 pct in July
SEOUL (Yonhap) - The market share of Hyundai Motor Co. and its affiliate Kia Motors Corp. in the United States reached a record high in July, fueled by brisk demand for popular models, industry sources said Monday.
Hyundai and Kia, the flagships of Hyundai Motor Group, sold a combined 72,440 passenger cars last month for a market share of 14.6 percent, up 0.2 percentage point from 14.4 percent in June, findings by the local automotive industry showed.
The market share in passenger cars, excluding pickup trucks and recreational vehicles, easily surpassed the 13.7 percent reached by rival Toyota Motor Co.
Hyundai and Kia's overall market share, including all types of vehicles, in the world's largest economy reached 9.9 percent in the cited month.
The South Korean carmakers have together maintained an average 10.5 percent of the U.S. passenger car market for the past year with numbers rising steadily from January.
The cumulative market share for the two carmakers in the January-July period stood at 13 percent, close to 13.9 percent tallied for Toyota.
Hyundai said sales were led by its Sonata mid-size sedan, which accounted for a third of all sales, followed by demand for its Elantra compact. Sales of its Genesis full-sized sedan and Equus large luxury model also contributed to strong numbers.
Sales of the Sonata exceeded 20,000 in July for a gain of 17.1 percent from a year earlier.
Kia added that its K5 mid-size sedan, Forte sports compact and Soul small-sized car all saw strong sales last month.
"The popularity of models such as the Sonata, good price and quality competitiveness and sharp improvements in brand image contributed to better sales," a Hyundai Motor Group spokesperson said.
Meanwhile, Hyundai and Kia, together the world's fifth-largest seller of cars in first half, produced 301,037 vehicles of all types in July, with production exceeding 1.99 million in the first seven months of 2011.
Hyundai and Kia, the flagships of Hyundai Motor Group, sold a combined 72,440 passenger cars last month for a market share of 14.6 percent, up 0.2 percentage point from 14.4 percent in June, findings by the local automotive industry showed.
The market share in passenger cars, excluding pickup trucks and recreational vehicles, easily surpassed the 13.7 percent reached by rival Toyota Motor Co.
Hyundai and Kia's overall market share, including all types of vehicles, in the world's largest economy reached 9.9 percent in the cited month.
The South Korean carmakers have together maintained an average 10.5 percent of the U.S. passenger car market for the past year with numbers rising steadily from January.
The cumulative market share for the two carmakers in the January-July period stood at 13 percent, close to 13.9 percent tallied for Toyota.
Hyundai said sales were led by its Sonata mid-size sedan, which accounted for a third of all sales, followed by demand for its Elantra compact. Sales of its Genesis full-sized sedan and Equus large luxury model also contributed to strong numbers.
Sales of the Sonata exceeded 20,000 in July for a gain of 17.1 percent from a year earlier.
Kia added that its K5 mid-size sedan, Forte sports compact and Soul small-sized car all saw strong sales last month.
"The popularity of models such as the Sonata, good price and quality competitiveness and sharp improvements in brand image contributed to better sales," a Hyundai Motor Group spokesperson said.
Meanwhile, Hyundai and Kia, together the world's fifth-largest seller of cars in first half, produced 301,037 vehicles of all types in July, with production exceeding 1.99 million in the first seven months of 2011.
