Reply #77: Hyundai-Kia Grabs Record Market Share in U.S.

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http://english.chosun.com/site/data/html_dir/2011/05/06/2011050600755.html

Hyundai-Kia Automotive Group posted record sales in the U.S. last month with its market share exceeding 9 percent for the first time. The group said Wednesday it sold 108,828 vehicles there in April, accounting for 9.4 percent of the market, up 0.9 percentage point from March. It outpaced Nissan to rank 6th in the U.S., which saw total sales of 1.16 million vehicles in April.

Mainly thanks to a sharp rise in local production, Hyundai Motor America's sales surged 40 percent on-year to 61,754 vehicles in April, and Kia Motors America's 57 percent. Models manufactured at the carmakers' U.S. plants, such as the Sonata, Elantra and Sorento R, pushed up the market share.

Meanwhile, the imported car market in Korea continued to see brisk sales. The number of foreign vehicles sold here totaled 8,204 in April, up 13.8 percent on-year although lower than the 20.3 percent in March when the figure surpassed a record 10,000.