Sales in modern China exceeded 4 million

According to relevant data, Hyundai Motor's global market has performed outstandingly: the European market has grown in contradistinction and has created a growth rate of 10.2% last month; the Chinese market has been particularly eye-catching and has become the highest growth rate among the top five automotive brands.

On November 26, Beijing Hyundai held 4 million sales commemorative activities at the third factory in Beijing. As of October, Hyundai Motor's total sales volume in China was 3,936,473 units, plus 60,000 units sold this month, and cumulative sales reached 4 million units.

On the 26th, according to news from the automotive industry, vehicle sales of the European Union (EU) and the European Free Trade Association (EFTA) decreased by 4.6% year-on-year in October. In contrast, Hyundai has grown in a contrarian direction, with sales in the UK growing by 12.1%, and in Germany it has increased by 0.5%. The analysis pointed out that the main reason for the increase in the sales of Hyundai Motors was due to the dispersion of production of European models to India and Turkey. At the same time, the guaranteed supply of new models and localized models also contributed to their impressive performance.

It is worth noting that Hyundai Motor Group's market share in China has experienced explosive growth. In 2010, the Hyundai Motor Group's market share in China was 9.3%, which was 9.8% in 2011 and rose to 10% in 2012.

According to the analysis, the new A-class model "Langdong" plays an important role in the sales of modern automobiles. The model incorporates localized applications based on the new Elantra, which produced 11,613 vehicles in August, 15,243 vehicles in September, and 18,207 vehicles in October. The continued growth in sales volume is a testament to the rising popularity of Lang Lang. The person in charge of the Hyundai Motor Company stated that since the launch of the new Lang Lang in August, coupled with the excellent sales volume of the Chinese SUV market, Hyundai has achieved good results. With the continuous launch of new and competitive models, Hyundai Motors has been able to deal with the ever-increasing Chinese auto market demand.

At the same time, Kia’s latest models K3, K2, and Lions have also been favored by many consumers. Its total sales in October increased by 9.7% to 45,005 units.

According to Gao Taifeng, researcher of HI Investment Securities, “As the sales volume of K3 Kia products expands and Hyundai Honda’s production of Santa Fe in November, the M/S in the Chinese market is expected to increase further at the end of the year. In 2013, China may have boosted global car demand. It will dilute the worries about the fuel economy of the US market."