Hyundai named largest Asian carmaker in Europe for 2010, beating Toyota

Article by Christian Andrei, on November 22, 2010

Hyundai Motor Group is 2010's largest Asian carmaker in Europe! The South Korean firm surpassed Toyota Motor Corp., which saw its sales fall significantly due to the recall crisis.

According to recent data from the European Automobile Manufacturers' Association, sales of Hyundai and affiliate Kia Motors Corp. went up in Europe by 4 percent in the first 10 months to 521,369 vehicles.

Hyundai and Kia are South Korea's two largest automakers. Meanwhile, Toyota sales (including its Lexus brand) decreased 17 percent to 511,754.

Hyundai has endured the slumping European auto demand in 2010 and it now seeks to appeal to potential consumers with the i30 and cee'd compacts and the ix35 sport-utility vehicle.

Hyundai also won a portion of the U.S. market from Toyota after the latter recalled over 8 million vehicles worldwide for repairs regarding unintended accelerations.

Ahn Sang Joon, an auto analyst at Tong Yang Securities Inc. in Seoul, said that Hyundai and Kia have expanded their model lineups in European markets; thus giving consumers more choices.

The automakers group says that general auto sales in Europe have dropped 5 percent in 2010 to 11.6 million. With sales surging to 13 percent, Nissan Motor Co. posted the biggest increase among the major brands. [via autonews - sub. required]

Topics: hyundai, toyota, europe

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

BMW’s 550i xDrive has long been considered as one of the most successful business sedans in the world. For the brand, this may not be enough as it has officially...
by - January 20, 2017
Amazon is now moving beyond the four corners of online retailing. Only recently, the retail giant has been awarded a patent for its Road Network system. Since the patented technology...
by - January 20, 2017
The newest version of the Lamborghini Huracan is not a Superleggera, but a Performante. When Lamborghini filed for a patent for a new name, there were still debates whether this...
by - January 20, 2017
What is hotter and more menacing than a Hellcat? If we ask Dodge, its answer would be the “Demon.” Of course, we aren’t talking about a demon with horns and...
by - January 20, 2017
The 2018 model year could be an exciting year for fans and enthusiasts of the Chevrolet Corvette. This comes as the 2018 version of the Corvette is bound to feature...
by - January 19, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries