a class "Hyundai Motor" In the American market, approximately 12% in the first 4 months of 2026
SEOUL, June 14, 2017 (WAM) – Data on Sunday showed that Hyundai Motor Group captured 11.8% of the US car market during the first 4 months of this year, thanks to strong sales of environmentally friendly cars, including hybrid cars.
According to data issued by the global market research company “Omdia”, the combined market share of Hyundai Motor Company and Kia Company increased by 1 percentage point compared to the previous year to 11.8% during the first four months of this year, ranking fourth after General Motors Company, Toyota Company, and Ford Motor Company.
Consolidated sales increased by 1.3% during the aforementioned period, reaching 589,936 units.
Last year, the group achieved a record market share of 11.3% in the American market, with industry observers expressing optimism that its market share could exceed the 12% barrier this year.
Automotive sector observers pointed out that Hyundai Motor Group expanded its market share thanks to strong sales of hybrid cars and other environmentally friendly models, in light of the decline in demand for traditional cars following the rise in global oil prices.
Combined hybrid car sales of Hyundai Motor and Kia in the first quarter of this year recorded 97,627 units, an increase of 53.2% over the same period last year. Sales also rose by 74.4% on an annual basis to 43,392 units in May, recording their highest monthly level.
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