Industry news: Hyundai UK shows continued growth
by Helen Jackson |
posted 15 February 2018
Hyundai’s UK sales rose to 93,403 units in 2017, representing an increase of 1.06% year-on-year. This gave a ninth consecutive year of growth, placing Hyundai in the UK’s top ten car makers with a market share of 3.68%.
Established in 1967, Hyundai Motor Company leads the Hyundai Motor Group. The group has eight manufacturing bases, seven design and technical centres worldwide and more than 110,000 employees.
In 2005, Hyundai opened its own UK subsidiary, Hyundai Motor UK Ltd, based in High Wycombe. And now, across the country, it employs more than 3,000 people. Since 2008, the company has risen from 21st to one of the top 10 car manufacturers in the UK.
Tony Whitehorn, President and CEO, Hyundai Motor UK, said:
“The brand is not only bucking the industry trend by registering growth in what is a very a challenging market, but we are also continuing to invest in desirable and relevant new models and technologies.”
Most of the vehicles in the Hyundai range, including the Ioniq Hybrid, are currently available with 0% finance and many enjoy a deposit contribution from Hyundai. One example is the new i30 S 1.0 120PS 5DR which is available for £189 per month on a Personal Contract Purchase with a customer deposit of £1,995 and final payment of £5,562. Or, the Tucson S 1.7 CRDi 116PS Blue Drive with a customer deposit of £6,406.50 and an optional final payment of £7,743.50 for just £187.24 per month.
It’s all part of a concerted effort from within the company to grow the brand in the UK, where for 2018, Hyundai is targeting a 4% market share.