View Full Version : Korean cars accelarating around the world

02-03-2005, 01:29 AM
<br> <br>February 03, 2005 <p> Korean automobile sales are rising fast overseas, gaining wide popularity not only in the largest Asian market, China, but also in India and in the United States. <br>Hyundai Motor said it has outpaced strong competitors including Toyota and Volkswagen to rank first among imported vehicles in China last month as it sold 20,508 units. <br>It is the first time ever for a Korean automaker to rank top in monthly sales in Asia's largest market. <br>Hyundai's Avante XD called the Elantra there sold 16,000 units in January, outpacing second ranked Xiali manufactured by Tianjin-FAW-Xiali Automobile, which sold 12,825 units in the same period. <br>Toyota, which ranked third in sales last month, sold 9,531 Corollas, its best-selling passenger model, in Beijing. <br>"It is a major record that we have sold more than 20,000 units monthly since entering China," said Lee Yong-hoon, Hyundai Motor vice president.<br>In May 2002, Hyundai established a joint venture, Beijing Hyundai Motor, with Beijing Automotive Industry Holding. Each company invested 50 percent and has been producing and selling Hyundai's Sonata and Elantra models.<br>Hyundai's popularity even extends to Russia; it ranked first in the imported car market there by selling 50,686 units, which is ahead of the 47,426 units Toyota sold in 2004. <br>Kia Motors, an affiliate of Hyundai, is gaining wide recognition with its Bisto in India; the model sold 104,748 units last year from New Delhi to Bombay. <br>And it's not just Hyundai. GM Daewoo's compact vehicle, Kalos, which is known as the Chevrolet Aveo in the American market, first dominated the U.S. compact vehicle market in August with a market share of 47 percent, selling 6,509 units. Since then,GM Daewoo's market dominance has continued, reporting a market share of 50 percent in the compact vehicle sector in the U.S., selling 6,867 units in December. <br>Kia's Carnival sales in Australia ranked first, outnumbering Toyota in the minivan market there. <br>Carnival last year sold 5,259 units and holds a market share of 34.5 percent in the land down under. <br>Korean automobiles' rising popularity is due to companies' moves to customize their vehicles to fit the culture and atmosphere of the markets entered, said Lee Sang-jin, a Hyundai Motor spokesman. <p><br>Has anybody seen statistics for china january05 carsale? I'm wondering how is hyundai's sister company kia doing on chinas market!<p>see ya <IMG NAME="icon" SRC="http://images.zeroforum.com/smile/emwink.gif" BORDER="0"> <br>

02-03-2005, 04:25 AM
How about Korean import of foreign cars? Are they still massively restrictive? Why should we buy their (mainly inferior) product, when they won't buy ours? Sigh.

02-03-2005, 07:34 AM
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>himi</b> &raquo;</i></TD></TR><TR><TD CLASS="quote">Has anybody seen statistics for china january05 carsale? I'm wondering how is hyundai's sister company kia doing on chinas market!</TD></TR></TABLE><p>It's probably hard to find those stats, unless you really dig through. But, I did hear that Hyundai/Kia finished number one in the Chinese market.<p>Just read the news that Hyundai/Kia has unseated PSA to become the world's #6 largest automaker at the end of 2004. They had said they wanted to be in the top five by 2010, looks like they are well ahead of schedule if this upward trend continues, which it is and will be for years <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/beigesmilewinkgrin.gif" BORDER="0">