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

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