Hyundai Motors UK



June 21, 2013 02:00 ET

Hyundai Maintains Market Share Momentum on Demand for Fuel-Efficient Cars

- Hyundai year-to-date European market share in line with 2013 target of 3.5%

- Registrations show small increase in falling market

- Demand for fuel-efficient cars drives sales of i20, i30 and i40

OFFENBACH, GERMANY--(Marketwired - June 21, 2013) - According to figures released by automotive industry body ACEA, Hyundai has maintained its year-to-date market share of 3.5% during the first five months of 2013, showing an increase from the 3.3% share achieved in the same period last year. Hyundai remains on target to maintain the 3.5% full-year market share achieved in 2012.

Hyundai registrations of 36,468 cars in May represented an increase of 0.4% versus the same month in 2012, while the overall market fell by 5.9%.

Allan Rushforth, Senior Vice President and COO of Hyundai Motor Europe, commented: "The European car market is increasingly hard-wired into fiscal policy. Car buyers are looking at more fuel-efficient cars in response to emissions-based vehicle taxation policy. This helps a company like Hyundai sell more cars - evidenced by the performance of our i20, i30 and i40.

"While consumer confidence is on the way up, there's still a deferral of vehicle purchases in Europe due to continued economic uncertainties. We anticipate there will be slow, organic growth in the European car market from the fourth quarter onward this year."

Figures from automotive industry analyst IHS Global Insight show solid gains for Hyundai cars in key European segments. In the four months to April 2013, the segment share of the B-segment New Hyundai i20 rose from 2.2% to 2.7%, while New Generation i30 registered a share increase from 4.5% to 4.8% in the competitive C1-segment. Hyundai has also secured gains in the class above, with i40 increasing its share of the D1-segment from 4.0% to 6.2% during the same period.

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About Hyundai Motor

Established in 1967, Hyundai Motor Co. has grown into the Hyundai Motor Group, with more than two dozen auto-related subsidiaries and affiliates. Hyundai Motor - which has seven manufacturing bases outside of South Korea including Brazil, China, the Czech Republic, India, Russia, Turkey and the U.S. - sold 4.4 million vehicles globally in 2012. Hyundai Motor, which employs over 80,000 workers worldwide, offers a full line-up of products including small to large passenger vehicles, SUVs and commercial vehicles.

Further information about Hyundai Motor and its products is available at www.hyundai.com.

About Hyundai Motor Europe

The company designs, engineers and manufactures cars in Europe, specifically for European consumers. In 2012, Hyundai achieved European sales of 444,000 units, taking a new-car market share of 3.5%. Almost 95% of the vehicles Hyundai sells in the region are designed, engineered and tested in Europe. And more than 70% are built at its two local factories (Czech Republic and Turkey), including New Generation i30, which was shortlisted for Europe's 2013 Car of the Year award and has won 14 awards throughout the region. Hyundai sells cars in 28 European countries across 2,500 outlets.

About Hyundai Motor UK

Hyundai is the first Korean car manufacturer to make it in to the top ten best-selling car manufacturers in the UK, an 11 place improvement since 2008. All passenger cars, including small cars, family cars and company cars, come with Hyundai's industry-leading 5 Year Triple Care car warranty package. Further information about new Hyundai cars is available at www.hyundai.co.uk.

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