Hyundai Europe register 12.5 percent growth in car sales
Economic slowdown has affected auto makers globally, especially in Europe, where car makers have taken a severe beating due to diminishing sales. Several auto makers have reported disappointing sales in the first quarter of 2012. Overall European car market has reported a decline of 7.3 percent sales as compared to last year.
However, one car maker that seems to be riding the economic slowdown storm rather well, is Hyundai. The popular South Korean car maker, who is also the fourth largest car maker in the world, seems unfazed by the current economic crisis in Europe.
Hyundai has recorded a 12.5 percent increase in sales in the first quarter this year compared to same period last year. Between the months of January and March 2012, Hyundai sold a staggering 114,571 units in Europe. These are their best ever sales figures in Europe.
Besides record breaking first quarter sales, Hyundai has also set a new record for itself in terms of monthly car sales in Europe, with an amazing 50,132 recorded registrations across the continent for March 2012, a growth of 13.8% compared to March 2011.
Speaking about their success in Europe, Mr Alan Rushforth, COO, Hyundai Europe, said, “Hyundai cars are designed, engineered and manufactured in Europe for Europeans – our performance in quarter one demonstrates how well this strategy is working. Another European car, the New Generation i30, has just gone on sale and we expect this new model to drive us towards our market share goal of 3.5% by the end of 2012.”