Kia Overtakes Hyundai for Top Domestic Market… Sales of 5 Automakers Up 1.6% in October
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4 Articles
(Seoul = Yonhap News) Reporters Jang Hana and Hong Gyubin = Hyundai Motor has once again ceded the top spot in the domestic market to its "younger sibling," Kia, due to sluggish domestic sales. Hyundai Motor's domestic sales...
Hyundai Motor recorded 49,042 units in domestic sales in October, down 8.9% from the previous year. In contrast, Kia's domestic performance increased by 27.5% due to strong RV sales. While both companies saw increased sales of eco-friendly vehicles, including electric and hybrid cars, Hyundai Motor could not avoid a decline in overall performance due to sluggish sales of its key RV models.
Kia Overtakes Hyundai Motor In October Domestic Sales
Kia Sportage. (Photo courtesy of Kia) Kia overtook Hyundai Motor, including Genesis sales, by a margin of about 2,000 units in October to become the top-selling domestic automaker. While the competition between Hyundai Motor and Kia intensifies, the three mid-sized automakers (Renault Korea, KG Mobility, and GM Korea) are seeing their presence fade further, with their combined sales volume amounting to only one-tenth of Kia’s alone. According to…
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