Domestic market share of Hyundai, Kia stays below 70%
Jan 8, 2016
The combined domestic market share of Hyundai Motor Co. and its affiliate Kia Motors Corp. remained below the 70 percent level for the second straight year in 2015, affected by the marked advances of foreign brands and intense competition from other smaller local rivals, industry data showed Friday.According to the data, Hyundai Motor and Kia Motors commanded 67.7 percent of domestic car sales last year, compared with 69.3 percent a year earlier. In particular, Hyundai's market share dropped to