Strong demand helped Hyundai, Kia make big output gains in May

Article by Christian A., on August 27, 2010

For the month of May, European assembly plants hold the record for the second-largest number of cars produced for the year, according to J.D. Power Automotive Forecasting.

This is attributed to the demand for models from Hyundai, Kia and most premium brands. Overall European production recorded 1,382,275 units in May, a 7% increase.

However, the most productive month for 2010 is still March, with 1,584,431 vehicles produced.

J.D. Power data show that for the first five months of 2010, European production went up 23% to 7,141,624 units. In May, Kia's production was up 41% to 16,051 units and its volume through five months is up 50% to 84,251 vehicles.

Kia gets a majority of its output increase from the new Venga. From January to May, Kia made 19,376 units of the small minivan, indicating that the Venga accounts for 69% of Kia's 28,053 unit rise in production so far this year.

Kia designed and engineered the Venga in Germany and is built at a Hyundai factory in Nosovice, Czech Republic. Because of the strong demand for the new ix35 SUV, Hyundai's production rose by 47% in May and 71% after five months.

The new ix35 SUV, which replaces the Tucson and the i20 subcompact, debuted in the spring. Companies that raised their May production volumes by double-digit percentages include Porsche, Mercedes-Benz, BMW, Audi, Aston Martin, Lamborghini and Land Rover. [via autonews - sub. required]

Topics: hyundai, kia, sales

If you liked the article, share on:

Pin It

Comments

Recommended

Reddit user Jdubbswrx spotted a rather deceptive move coming from the German automotive manufacturer Audi. He posted an image of the supposed exhaust of the new 2018 Audi SQ5 sporting...
by - March 29, 2017
McLaren car owners will be thanking the automotive company as it has decided to roll out new goodies for the 540C, 570S and 570GT sports car line-up. From this series...
by - March 29, 2017
On July 11, Audi is set to reveal its flagship luxury sedan, the all new A8. And at this moment, none of us are sure how this model will look....
by - March 29, 2017
The recent Porsche 911 is definitely considered one of the most elite sports car to grace the roads worldwide. The task of producing its successor is challenging enough for the...
by - March 29, 2017
British startup Zenos, which entered bankruptcy administration earlier this year is now back in business. The Norfolk-based sports car manufacturer was bought by a consortium of investors headed by AC...
by - March 29, 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