South Korea's leading automaker Hyundai Motor Group continued to be the best-selling Asian brand in Europe last month despite a slight drop in its market share there, an European industry group said Monday.
The group sold 58,585 vehicles in Europe in May, ahead of its largest Japanese rival Toyota Motor Co., which sold 41,626 cars, according to the European Automobile Manufacturers' Association.
Hyundai Motor Group includes Hyundai Motor Co. and Kia Motors Corp.
The combined sales of Hyundai Motor and Kia Motors represent a market share of 4.7 percent, slightly down from their eight-month high
of 5.2 percent recorded a month earlier.
In the first five months of the year, Hyundai Motor Group sold 283,506 cars in Europe, taking up 4.6 percent of the market. Toyota's five-month market share came to 4.4 percent as it sold 256,935
vehicles.
In May, Volkswagen was again the best-selling brand in Europe with a market share of 23.9 percent, followed by PSA Peugeot Citroen with a
13.5 percent market share and Renault SA with a 8.9 percent market share, according to the association.