June 9, 2006
Hyundai Automotive Group becomes sixth largest automaker
Vancouver, British Columbia – The Hyundai Automotive Group, which includes Hyundai and Kia, now ranks as the sixth largest automotive manufacturer in the world, according to the Detroit-based weekly Automotive News.
In Automotive News’ most recent survey of global automotive sales and production, Hyundai Motor Co. and its subsidiary Kia Motors Corp. registered an 11.6 percent jump in global sales in 2005 to 3,715,096 units. It was the largest percentage gain of any carmaker in the million-plus sales category. With it, Hyundai and Kia climbed one spot in the global rankings.
Hyundai has enjoyed double digit sales gains in the Chinese, Indian and Russian markets while in the more competitive North American and European markets, a more modest pace of growth has been registered.
Since 1999, Hyundai Automotive Group has passed Fiat, Honda, PSA/Peugeot-Citroen, Nissan and Renault in global sales to move into the number six sales spot.
|Rank||Manufacturer||2005 Global Sales|
|2||Toyota Motor Corp.||8,120,000|
|3||Ford Motor Co.||6,208,700|
|6||Hyundai Automotive Group||3,715,095|
|7||Nissan Motor Co.||3,597,748|
|9||Honda Motor Co.||3,365,000|