Hyundai Motor Group, the parent company of Hyundai Motor (KRX:005380) and Kia (KRX:000270), sold 65.1% of its vehicles in advanced markets in 2024, Yonhap News reported Tuesday, citing credit appraiser Nice Investors Service Inc.
Hyundai Motor Group's percentage of sales in advanced markets was the highest, compared with Toyota Motor's (TYO:7203) 59.2%, Volkswagen's 49.4%, and 55.6% of General Motors, Yonhap News reported Tuesday.
Nice Investors Service's report defined advanced markets as the US, Canada, Western Europe, South Korea, and Japan, observing that they generate higher average selling prices, it said.
Shares of Toyota Motor rose more than 1% in recent trade.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)