Hyundai sold 2.95 million vehicles in the
first nine months of 2011, a 10.5% rise on the same period last
year.
Global sales revenue rose by 18.2% to 57.3trn
won (£32.3m), with operating profit up 27.1% to 5.95trn won
(£3.35m) and net profit up 34.1% to 6.1trn won (£3.43m).
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In the UK, Hyundai sales in September rose
37.1% year-on-year, with 11,562 vehicles sold, the company’s
best-ever September performance, and a growth rate only bettered by
Porsche and Axiam.
The positive UK figures for September resulted
in Hyundai Finance offering more finance agreements for used and
new vehicles through its dealer network.
While the South Korean manufacturer attributes
its performance to double-digit sales growth overseas, it expects
global demand to shrink, compared to forecasts for the industry at
the start of the year, following the European financial crisis and
diminishing demand in emerging markets.
The company plans to combat this with an
emphasis on fuel efficient, eco-friendly models, brand imaging and
precise market targeting.
richard.brown@vrlfinancialnews.com
