Hyundai Motor Co. and affiliate Kia Corp. posted a combined market share of a record 7 percent in Europe last year, rising from 6.7 percent in Europe in 2019.
However, in line with European market trends, their sales in Europe plunged 21 percent on-year to 841,520 vehicles.
Hyundai's sales plunged 25 percent on-year to 424,805 units, while Kia's dropped 17 percent to 416,715 units.
Hyundai sold over 100,000 units of its Kona subcompact SUV for the second straight year, while Kia duplicated the feat with its C'eed sporty wagon.
According to the European Automobile Manufacturers' Association (ACEA), they witnessed their largest annual drop in car demand in 2020 since its records began in 1990.
Overall vehicle sales in Europe plummeted 24 percent to 11.96 million units last year due to the pandemic.
New car sales declined for the third month in a row in December due to measures to restrict a second coronavirus wave.


Nvidia Eyes $10 Billion Investment in Anthropic IPO
Enflame Shares Surge 200% in Shanghai AI Chip Debut
Central Banks Could Buy 20,000 Tonnes of Gold: BofA
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise
China’s Global Times Slams Anthropic CEO’s AI Slowdown Plan as ‘Cold War’ Strategy
UK Wage Growth Slows as BoE Rate Decision Looms
Treasury Buyback Fails to Cool Long-Term Yields
Meta’s AI Shopping Push Grows as Agentic Commerce Remains Below 1%
Oil Prices Surge as Houthi Attacks Deepen Hormuz Supply Fears
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise
Optus Apologises After Network Outage Disrupts Emergency Calls
Ares Names James Garforth Principal for Asia Direct Lending
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions
Oil Prices Surge as Houthi Attacks Raise Saudi Supply Fears
Syngenta Files for Hong Kong IPO, Eyes $5 Billion Raise
Rosenblatt Starts Nokia at Buy on AI Networking Growth 



