Hyundai‘s Indian Summer: Strong Sales, New Model, New Factory

  • Second strongest sales month for Hyundai Motor Europe this year with sales of 33,310 vehicles
  • New Getz started launching phase with promising acclamations
  • Hyundai to build factory in Europe to start production in 2008

RUSSELSHEIM, Germ., Oct. 4, 2005 – Hyundai Motor Europe reported total sales of 33,310 vehicles in September 2005, an increase of 7.4% over the same month last year. From January to September 2005, Hyundai Motor Europe sold 269,801 units, 5 .3% up from the same period last year.

“We are happy about the continuing successes of our Hyundai brand and that we do not have the general industry pressure to fix short term problems in sales,” said Ike Oh, President Hyundai Motor Europe GmbH. “Instead, we are concentrating on developing structures to secure our future success in Europe. In doing so, it is not only necessary to have outstanding products, we also have to make sure that our sales network grows qualitatively to elevate sales to 800,000 vehicles within the next 3 to 4 years. Seeing that our European organization is adding in strength and presence makes me confident about attaining our growth objectives.”

This week, Hyundai Motor Company announced that it is planning to invest one billion Euro in a further manufacturing plant in Europe to produce 300,000 vehicles annually starting from the second half of 2008.

“Getz sales represent almost one third of our total sales this year. Now, we have refined this success model and started to launch the new Getz in Europe. The initial feedback on driving pleasure, comfort and perceived quality is overwhelming,” said Gerry Dorizas, Vice President of Hyundai Motor Europe. “In continuing to refine models in other segments, designed and developed with the same spirit as the Getz, made for Europe with the specific Hyundai-DNA, we will have a competitive model line-up that will be unparalleled by any importing brand in Europe today. This models surely increase demand, our new European factory will significantly contribute to accommodate this demand. Simplified said, this is our growth formula.”

Following is a selected sales breakdown for HME:

Model September 2005 Jan-Sep 2005 Jan-Sep 2004
Passenger Cars 18,853 149,180 151,758
SUV & MPV 13,459 111,758 93,058
LCV 998 8,863 11,318
TOTAL 33,310 269,801 256,134
(up 7.4% yoy) (up 5.3% yoy)

FURTHER INFORMATION AT WWW.HYUNDAI-EUROPE.COM

Established in 1967, Hyundai Motor Co. has grown into the Hyundai KIA Automotive Group which includes over two dozen auto-related subsidiaries and affiliates. Employing over 50,000 people worldwide, Hyundai Motor posted US$26.1 billion in sales in 2004 (on a non-consolidated basis). Hyundai motor vehicles are sold in 193 countries through some 5,000 dealerships and showrooms. Hyundai Motor Co. is a sponsor of the 2006 FIFA Germany World Cup. Further information about Hyundai Motor Europe and its products is available on the Internet at http://www.hyundai-europe.com.

# # #