Hyundai-Kia Group Global Market 2017
- The Hyundai-Kia group (Hyundai, Kia, Genesis) has released sales figures for the year 2017. Worldwide sales are at 7.25 million units, a decrease of 8% over 2016, due to a drop in sales in China. It is the only one of the top five manufacturers, with the GM group, to have a sales decline in 2017, especially since sales had already declined in 2016. Not benefiting from external growth (buyout of others manufacturers), the Hyundai-Kia Group can only rely on itself to develop.
- Hyundai-Kia global 2017 sales break down as follows:
1. The United States is its largest market, with 1.28 million vehicles, or 18% of its global sales.
2. Korea is its second largest market, with 1.21 million vehicles, or 17% of its global sales.
3. China is its third largest market, with 1.14 million vehicles, or 16% of its global sales.
4. Europe is its fourth largest market, with 1 million vehicles, or 14% of its worldwide sales.
- These four markets account for 65% of the Hyundai-Kia group's global sales in 2017, which include 4.47 million Hyundai vehicles (including Genesis) and 2.78 million Kia vehicles. The group's best-selling models in 2017 were the Hyundai Elantra (685,000 units), Hyundai Tucson (470,000 units), and Kia Sportage (395,000 units).
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