SOUTH KOREA: Hyundai-Kia domestic sales fall 12% in November
Hyundai Motor and Kia Motors combined domestic sales fell by 12% year on year to 93,254 in November, for a market share of 78.3%, according to data released by the companies.
Hyundai Motor and Kia Motors combined domestic sales fell by 12% year on year to 93,254 in November, for a market share of 78.3%, according to data released by the companies.
The lower sales reflect fewer working days during the month and high year earlier comparisons.
The two brands have also come under increasing pressure in their home market from imports, as western luxury brands have continued to expand into this market – albeit from very low levels.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Monumo’s Anser® platform has won the Innovation and Environmentalawards by reinventing electric motor design with ultra fast, system level optimisation and lower environmental impact. Learn how Anser® is powering the next wave of sustainable automotive engineering.
