SOUTH KOREA: Hyundai boosts upscale sedan sales in Europe
Hyundai’s premium models now account for more than 10% of the South Korean brand’s sales in Europe.
Of its 247,000 passenger car sales in the first 10 months in Europe, 29,000, or 11.8%, were mid-sized and luxury sedans, up from 4.4% a year ago.
The company said the increase was driven by demand for the Hyundai i40, which was launched in July 2011. Sales of this model have risen to 28,489 this year, up from 11,777 in 2011.