Hyundai-Kia Group sold 6.35 million light vehicles in 2020
- The Hyundai-Kia group (Hyundai, Kia, Genesis) sold 6.35 million light vehicles (passenger and utility) in 2020, against 7.19 million in 2019, which represents a decrease of 11.7%. Despite this significant drop, the Korean group remained the fifth largest carmaker in the world, behind Toyota, Volkswagen, Renault-Nissan and General-Motors. However, the gap with the GM group has never been thinner and it is possible that the Hyundai-Kia group will overtake the American carmaker as early as 2021.
- The sales of the Korean group break down into 3.5 million vehicles for the Hyundai brand and 2.5 million vehicles for the Kia brand, the remaining being made up of vehicles of the Genesis brand which is the premium brand of the carmaker, such as Lexus for Toyota or Infiniti for Nissan.
- Global sales of the Hyundai-Kia group in 2020 break down as follows:
• The USA remains its largest market, with 1.225 million units, or 19% of its worldwide sales (compared to 18.5% in 2019).
• Korea is its second market, with 1.133 million units, or 18% of its global sales (up from 17.5% in 2019).
• Europe is its third market, with 842,000 units, or 13% of its worldwide sales (compared to 15% in 2019).
• China is its fourth market, with 699,000 units, or 11% of its global sales (compared to 14% in 2019).
- These four markets represent 61% of the Hyundai-Kia group global sales in 2020, against 65% in 2019, the Korean group having indeed increased its market share in Latin America and Russia.
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