Hyundai-Kia outpace Toyota in European car sales

Toyota is no longer the European car buyers favorite Asian automaker. Hyundai-Kia have surpassed the Japanese automaker, by selling 521,369 vehicles in the first 10 months of 2010. Toyota sales for the same period, including Lexus was 511,754 vehicles.

“Hyundai and Kia have clearly benefited from Toyota’s massive recalls,” said Ahn Sang Joon, an auto analyst at Tong Yang Securities Inc. in Seoul. “They have also expanded their model lineups in European markets giving more choices to consumers.”

For the near future Hyundai-Kia also have a greater number of new models planned for its European portfolio than Toyota, meaning the gap between the two companies will likely widen in favor of the Korean automaker.

Via: Auto News Europe


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