Hyundai has officially announced that 5 million cars were sold in Europe since it began operations in 1977. A very nice development for the Korean manufacturer that should not stop there.
The first Hyundai to be sold in Europe was a Pony, imported in 1977. The 5 millionth vehicle to be sold was an i30 (Elantra Touring in North America), which was launched in 2007 and has sold a little more 320,000 units in Europe. Since its inception the company has known robust growth. This compact sedan is built in the Czech Republic and sold 300,000 units per year.
Allan Rushforth, Senior vice-president and COO of Hyundai Europe, said "hitting five million sales is a wonderful achievement for Hyundai, and it marks us out as a major player in what is the world's most competitive car market. But this is just the beginning for the brand. We are planning for further sales growth during 2011, to take us to 3% market share in Europe. And in the longer term we expect the quality and desirability of our cars to help us maintain our momentum and deliver our next five million sales in a much shorter time frame."
During the past 3 years, Hyundai has managed to sell 1 million cars and it took 19 years for the Korean manufacturer to reach its first million units sold. With a growing recognition among European consumers and a growing network of resellers covering a larger geographical area, Hyundai managed to reach the two million mark in 2001, three million in 2005 and four million in 2008. Since 2005, Hyundai has sold a million vehicles every three years. We wish the best for this Korean manufacturer's future !