Hyundai Motor Group achieved its highest-ever market share in the US final yr, in accordance with trade knowledge.
In keeping with knowledge from market analysis agency Wards Intelligence, mixed gross sales of Hyundai Motor Co. and Kia totaled about1.836 million autos, translating right into a document 11.3% market share. Hyundai Motor accounted for six.1%, or 984,017 items, whereas Kia posted a 5.2% share with gross sales of 852,155 autos.
It marked the primary time Hyundai Motor Group’s annual U.S. market share exceeded 11%.
Since getting into the U.S. market in 1986, Hyundai Motor Group maintained a market share within the 7% to eight% vary via the 2010s, earlier than recording a double-digit share for the primary time in 2022. The group posted market shares of 10.7% in 2023 and 10.8% in 2024.
Amongst main automakers final yr, Hyundai Motor Group maintained its fourth-place rating, trailing Common Motors with a 17.5% share and gross sales of two,841,328 items, Toyota with 15.5% and a couple of,518,071 items, and Ford with 13.1% and a couple of,133,892 items.
Total U.S. auto gross sales grew by 2.4% yr over yr to 16,233,363 autos final yr. Hyundai and Kia outpaced this market development, posting a 7.5% enhance of their mixed gross sales to succeed in 1,836,172 items.
