SEOUL, Dec. 29 (Korea Bizwire) — The sales of SUVs in Europe by South Korea’s top two carmakers — Hyundai Motor Co. and Kia Motors Corp. — may hit a record high, probably surpassing the 500,000-unit mark, aided by its diversified portfolio and strong demand, industry sources said Sunday.
According to the sources, the two carmakers have sold some 460,000 SUVs in the European market through November, already nearing last year’s 467,550 units in total.
Should the pace be maintained, their annual sales of SUVs in Europe will top the 500,000 mark this year, the sources said.
Their auto sales in the region are also expected to top the 1 million mark for the third consecutive year. Their overall vehicle sales there were tallied at 965,690 in the January-November period, according to the sources.