Hyundai, Kia No. 2 in Chinese small car market
Hyundai Motor and its affiliate Kia Motors ranked No. 2 in sales of small vehicles in China during the first nine months of 2011, automotive data showed.
It said the two carmakers saw their ranking climb by four notches on a year-on-year basis by grabbing 10.9 percent of the Chinese market. They were placed at sixth over the same period last year.
The data showed that Hyundai-Kia sold a combined 162,472 units in the compact car segment between January and September.
The companies saw their sales jump 52.2 percent on a yearly basis and overtake Volkswagen, which ranked third with sales of 154,582 units. General Motors topped the list by selling 191,626 units.
GM recorded 12.9 percent in market share and Volkswagen 10.4 percent.
Hyundai Motor’s Verna (dubbed Accent in China) and Kia Motors’ K2 (Pride Hatchback in China) contributed heavily to their rapid sales growth, according to the data.
Sales of the Verna subcompact came to 96,883 units, making it the third bestselling car in China. The K2, made available to consumers in June, reached 22,376 units as of September.
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It said the two carmakers saw their ranking climb by four notches on a year-on-year basis by grabbing 10.9 percent of the Chinese market. They were placed at sixth over the same period last year.
The data showed that Hyundai-Kia sold a combined 162,472 units in the compact car segment between January and September.
The companies saw their sales jump 52.2 percent on a yearly basis and overtake Volkswagen, which ranked third with sales of 154,582 units. General Motors topped the list by selling 191,626 units.
GM recorded 12.9 percent in market share and Volkswagen 10.4 percent.
Hyundai Motor’s Verna (dubbed Accent in China) and Kia Motors’ K2 (Pride Hatchback in China) contributed heavily to their rapid sales growth, according to the data.
Sales of the Verna subcompact came to 96,883 units, making it the third bestselling car in China. The K2, made available to consumers in June, reached 22,376 units as of September.
Alternative Health News
Read More