18.01.2024 Press release

Sales figures back to pre-pandemic levels in 2023

  • In 2023, Hyundai Motor sold 534,170 units in Europe, reaching pre-pandemic levels
  • Sale of zero-emission vehicles in Europe last year accounted for 14 per cent of total sales
  • Company maintained 4.2 per cent market share in Europe throughout 2023

Press material

Hyundai Motor has announced its sustainable performance in the European market for 2023. The company has reported an increase in sales with a total of 534,170 units sold, marking a 3.1 per cent increase compared to 2022. With sales figures back to pre-pandemic numbers, Hyundai demonstrates holistic growth rooted in customer centricity by producing cars “made in Europe, for Europe”, the expansion of its mobility solutions line-up through its EV leadership, and the diversification of its investments for the future, including hydrogen energy.

Reflecting on Hyundai’s journey in Europe in 2023, it is clear that our commitment to sustainable growth beyond selling cars has been a driving force behind our success. As we embrace a transformative path toward becoming a Smart Mobility Solutions Provider, our strategic focus on innovation, electrification, and connectivity has redefined our role in shaping the future of mobility to be even greener and smarter.

Michael Cole President and CEO at Hyundai Motor Europe

Additionally, Hyundai maintained a stable market share of 4.2 per cent across Europe, a testament to the company’s resilience and adaptability in the face of uncertainties.

Steady market share across Europe

Hyundai experienced stable market shares in its key European markets, with remarkable sales results in Italy, UK and France.

Hyundai Motor Company Italy sold 48,890 units in 2023, representing an increase of 19.2 per cent compared to 2022. In the UK the company hit a market share of 4.6 per cent, equivalent to 87,112 newly registered vehicles, 8.3 per cent more than in 2022. The French market saw a 4.9 per cent increase in sales compared to 2022, with 49,400 new Hyundai vehicles sold.

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