There are many brands that are taking advantage to consolidate themselves in the European market thanks to market shares that have not stopped growing in recent months. The job well done and the quality of some models that have taken a step forward in performance have been key for firms such as Hyundai have records in the four-wheel market at European level, where it continues to consolidate with its growth after increasing its records last year.
The decrease in demand in a sector in continuous movement and that with the crisis that is coming are many brands that have decided to offer a renewed service, have been key to this growth. At Hyundai we find one of the strongest results at the moment, according to the ACEA. The European Association of Automobile Manufacturers pointed out that the market share of the Asian firm is 4.7%, 1% more than last year.
During these last six months, have managed to sell 263,005 units in the EU, EFTA and the United Kingdom from January to June 2022, representing an increase of 8.2% compared to the same period in 2021. To achieve this, they have had to pull the catalog and it has one of the widest ranges of zero-emission vehicles and electrification. At 16%, electrified models account for a proportion of its sales in Europe, which together with EV models have been essential for this growth.
Hyundai also achieved record market shares in the UK, Spain and France in the first six months of 2022. In the case of the United Kingdom, it represents a 5.1% market share, with a total of 40,908 models that have been registered. For its part, in Spain it has a share of 7.4% and in France 3.1%.
The company can attribute its success on the continent to its customer-centric production and development. More than 70% of Hyundai cars are manufactured in Europe, at the HAOS and HMMC production plants in Turkey and the Czech Republic, respectively.