Hyundai-Kia passes Ford as world's 4th largest automaker
By Thami Masemola
August 19, 2009 4:41 PM
Filed Under: Asian, Ford, Hyundai, Industry
A decade ago no one, certainly not anyone outside of Hyundai, would have dreamt that the South Korean car manufacturer would one day sell more vehicles than Ford. Well it has happened. Hyundai-Kia is now the fourth largest automaker in the world in sales after Toyota, General Motors and Volkswagen respectively.
This is a one-step-up-shift from the company's fifth position in 2008. The numbers come from the Automotive News Data Centre which states that during the first half of 2009 Hyundai-Kia sold 2,153,000 vehicles compared to Ford's 2,145,000. It is a rise of about 30% over the US brand. Hyundai-Kia's biggest single market is the US. The top ten companies have all lost sales so far this year, most by two-digit percentages. Volkswagen was the only one to lose by single digits as it shed 5.1% sales over H1 2008. The biggest losers were Ford and Toyota both of which saw sales decline 30.6% and 26% respectively.
Interestingly the Nissan and Renault alliance reported its numbers separately but had it combined them in the same way as Hyundai and Kia a total of over 2.6 million would appear. Such a figure would be enough to place Nissan-Renault in fourth position.
The top ten for the first half of 2009 looks like this:
|
Global Sales – first half of 2009 |
||||
|
Manufacturer |
H1 2009 |
H1 2008 |
% change |
|
|
1 |
Toyota |
3,564,105 |
4,815,442 |
-26.0 |
|
2 |
General Motors |
3,552,722 |
4,541,125 |
-21.8 |
|
3 |
Volkswagen |
3,100,300 |
3,265,200 |
-5.1 |
|
4 |
Hyundai-Kia |
2,153,000 |
- |
|
|
5 |
Ford |
2,145,000 |
3,093,000 |
-30.6 |
|
6 |
PSA Peugeot-Citroen |
1,586,900 |
1,844,700 |
-14.0 |
|
7 |
Honda |
1,586,000 |
2,022,000 |
-21.6 |
|
8 |
Nissan |
1,545,976 |
2,013,611 |
-23.2 |
|
9 |
Suzuki |
1,152,000 |
1,283,000 |
-10.2 |
|
10 |
Renault |
1,106,989 |
1,326,164 |
-16.5 |
Sources: Automotive News' 2008 Global Data Book (Automotive News Data Center), Reuters (Hyundai-Kia)
Press Release (Click to expand)
KOREANS DRIVE FORD OUT OF FOURTH PLACE IN GLOBAL MANUFACTURER RANKING
Kia Motors (UK) Ltd. is pleased to announce that parent company, Hyundai-Kia Automotive Group, has become the fourth largest global automotive manufacturer, according to data just published.
Based on figures from the Automotive News Data Centre, the Korean manufacturer has overtaken Ford which saw it's sales fall by more than 30 per cent in the first half of 2009, selling 8,000 more vehicles than the US giant in the first half of 2009.
Results for all of last year saw Hyundai-Kia trail Ford by around 1,000,000-units, but by reducing the impact of the global recession by producing the right product for the right times, the group has managed to take fourth place much quicker than had been predicted.
Go back just 10 years and the newly unified company was in 11th place overall, but rapid globalisation has seen state of the art factories being built in several countries including Slovakia, the United States and China. The manufacturing facilities have been geared-up to build products that are designed and engineered for local markets. The Kia cee'd is a leading example, being designed, developed and engineered in Germany and built in Slovakia.
Comments
Aside from Morgan and Bristol what other existing British car brand is actually still British-owned?
Think Korean Cars are doing well; IMO much better than the Japanese cars did in the same stage of development when those Japanese cars first were marketed over here!
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