Hyundai, Kia maintain double-digit US market share in first half of the year.

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【Summary】Hyundai and Kia's US market share remains above 10% in H1, reaching 10.6%. This is a slight increase from the previous year, indicating steady demand and output recovery. Hyundai accounts for 5.5% and Kia for 5.1% of the market share. They rank fourth on the list, with General Motors, Toyota, and Ford leading.

FutureCar Staff Aug 21, 2023 5:15 PM PT

Hyundai, Kia maintain double-digit US market share in first half of the year.

The combined market share of Hyundai Motor and its affiliate Kia in the US market increased slightly in the first half of the year compared to the previous year. Despite the challenges posed by the pandemic, the demand and output recovery helped them maintain a market share above 10 percent.

According to data from the US-based Automotive News outlet, their combined market share reached 10.6 percent in the January-June period, showing a 0.3 percentage point increase from the previous year.

Last year, Hyundai and Kia achieved a significant milestone by reaching a combined market share in the double digits. They have managed to maintain this level in the first six months of 2023.

In terms of individual market share, Hyundai accounted for 5.5 percent, which includes its premium brand Genesis, while Kia held a market share of 5.1 percent.

Among all automakers, General Motors secured the first position with a market share of 16.7 percent, followed by Toyota Motor and Ford Motor. Hyundai and Kia together ranked fourth on the list.

(Yonhap)