05.01.2023 Press release

Hyundai Records Largest Ever Market Share in UK 2022

  • Hyundai claims 5.0% car market share in 2022 – its largest ever in the UK
  • Tucson is Britain’s Favourite Mid-Size SUV by retail sales
  • Award-winning line-up of models deliver year-on-year sales rise of 15.4% 
  • Hyundai also records 7.7% share of the market for alternatively fuelled vehicles (AFVs) 
  • Range set to be transformed for 2023 with an array of all-new and refreshed models including IONIQ 6 and the All-New Kona

Press material

After strong growth in 2021, Hyundai UK’s momentum continued throughout 2022 with another record-breaking year, according to data released by the Society of Motor Manufacturers and Traders (SMMT).

Hyundai claimed its largest ever market share of 5.0%, with 80,419 new cars registered during the past 12 months. This impressive growth constitutes a rise of 15.4% over the 69,680 units recorded in 2021, which represented the previous record of 4.3% market share.

Retail sales to private buyers accounted for a record 4.3% market share, up 0.4% on 2021 and True Fleet sales saw a rise of 37% YoY with more than 18,000 cars sold showcasing the increasing appeal of Hyundai cars in the fleet sector.

Hyundai’s most popular model is the acclaimed TUCSON, which with 27,839 registered, accounted for 35% of the final registrations of 80,419, and proved to be the most popular mid-size SUV for retail buyers and seventh best-selling car overall in the UK. It claimed 5.3% share of the retail market in its sector, but also is well established with fleet customers, who appreciated its generous array of equipment, stylish design and low-emission powertrains.

Hyundai’s strategic positioning as a leader in electrified cars was also reflected in the market for alternatively fuelled vehicles (AFVs), which rose 22% in 2022. With a 7.7% share, Hyundai was the third most popular manufacturer, testament to the wide range of options available to customers, from hybrid through plug-in hybrid to fully electric. More than half of all Hyundai cars sold in the UK during 2022 were AFVs.

Of particular note was the sales performance of Hyundai’s all-electric vehicles, which made up more than a third of the AFV figure. With the award-winning IONIQ 5 – crowned 2022 World Car of the Year, World Electric Vehicle of the Year and World Car Design of the Year – and KONA Electric - soon to be available in an all-new model - as well as the eagerly awaited IONIQ 6, customers will shortly have more choice than ever.

The success of Hyundai in the British market over the past 12 months is a reflection of both our advanced range of vehicles and the excellent work of our Retailer Network. Our model range holds tremendous appeal to private buyers and fleets alike thanks to its innovative technology, award-winning design and the sheer diversity of the electrified options that are available. It has been particularly gratifying to see buyers embrace our electrified cars in record numbers – and it fills me with excitement about the potential of the fantastic new IONIQ 6, with deliveries due to start shortly. 2022 was a superb year, and there’s lots more to come in 2023.

Ashley Andrew Managing Director of Hyundai Motor UK

Orders for the new IONIQ 6 began back in November last year with deliveries set to begin shortly.  Hyundai also recently announced the All-New Kona including a new all-electric model which will be joining the range later this year.  But it doesn’t stop there with an array of new models to come this year and beyond.

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