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


RELATED POSTS

2014 World Car of the Year finalists announced
Special edition Mitsubishi Lancer Evolution X FQ-440 MR announced, priced from £50,000
Lotus unveils limited edition Exige LF1, celebrates company's F1 heritage
Here's another fan made Tesla Model S advertisement and it is just awesome
All-new 2015 Skoda Fabia revealed ahead of Paris debut
Ariel Nomad off-roader weighs just 670kg and packs 235bhp
Morgan EV3 prototype revealed with a range of up to 150 miles, goes on sale in late 2016
These are some of the most famous and iconic movie cars (infographic)
Yamaha SPORTS RIDE CONCEPT debuts in Tokyo, weighs just 750kg
McLaren Sports Series enters production, the first 570S Coupe ready for delivery
First look at the all-new Land Rover Discovery
Black tie and wheels: The finest bond cars ever
Tags: , , ,
linode.com