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Mixed car gross sales of Korea’s main automaker Hyundai Motor and its affiliate Kia in Europe fell 1.4 % in October from a 12 months earlier, trade knowledge confirmed Tuesday, primarily as a result of a scarcity of newly launched fashions.
In response to the information from the European Vehicle Producers’ Affiliation (ACEA), Hyundai and Kia offered a mixed 81,540 automobiles in Europe final month, down from 82,734 models a 12 months earlier.
“The month-to-month decline was primarily pushed by an absence of latest fashions launched within the European market, amongst different elements,” a Hyundai spokesperson mentioned.
Hyundai Motor’s gross sales slipped 0.8 % to 41,137 models from 41,488 a 12 months earlier, whereas Kia’s fell 2 % to 40,403 from 41,246.
In Europe, the place emissions laws have gotten more and more stringent, the 2 carmakers are specializing in selling eco-friendly fashions, together with Hyundai’s Tucson gasoline hybrid and plug-in hybrid variations, the all-electric Kona, and Kia’s all-electric EV3 and Niro plug-in hybrid fashions.
Final month, Hyundai and Kia collectively accounted for 7.5 % of the European car market, the place general gross sales rose 4.9 % on-year to 1,091,904 models. Their mixed market share was down 0.5 share level from a 12 months earlier.
From January to October, the 2 firms’ cumulative gross sales fell 2.8 % to 879,479 models from 904,712 a 12 months earlier. Their market share for the interval additionally declined 0.4 share level on-year to eight %.
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