[THE INVESTOR] Hyundai Motor Group’s market share in the European Union inched up in the first half of the year aided by faster-than average increase in sales, industry data showed on July 15. 


According to the European Automobile Manufacturers Association, Hyundai Motor and Kia Motors’ first-half sales outpaced the market’s overall growth, and their combined market share came in at 6.1 percent. Hyundai Motor’s market share was 3.2 percent, and that of Kia Motors’ 2.9 percent. In comparison, Kia Motors’ market share for the first half of 2015 stood at 2.7 percent. The figure for Hyundai Motor remains unchanged from a year ago.

The data showed that Hyundai Motor’s first-half sales rose 10.2 percent to come in at 254,349 units, while Kia Motors saw a 14.7 percent rise at 223,836 units.

In comparison, the overall EU market for passenger cars for the first half of the year grew 9.6 percent.

By Choi He-suk (cheesuk@heraldcorp.com)