Hyundai Records 12.5 percent Increase in Sales in Europe Where Market Declined By 7.3 percent in First Qtr

In a stark contrast to the views of recessing European car market which declined by 7.3 percent, Korean based Hyundai registered a handsome 12.5 percent gain in sales recording its best ever first quarter.

Hyundai Logo

  • A total of 114,571 units were sold
  • An increment of 12.5 percent compared to the first quarter of last year.
  • At the same time European Car Market shrunk by 7.3 percent
  • Hyundai now holds 3.3 percent of total European Market
  • i30 hatch and station wagon, ix35 crossover and ix20 supermini accounted for more than 50 percent of these sales.
  • Hyundai plans to achieve a market share of 3.5 percent by the end of 2012
  • New generation i30 expected to be the driver to this goal.

 

Source: Carscoop

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