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Hyundai Motor Europe GmbH

Hyundai Motor Europe Q1 Sales Up 18%

Rüsselsheim, Germany (ots)

European first quarter sales up 18
pct y-o-y to 81,926 units March "Best Sales Month Ever" with 34,613
units Annual sales target re-adjusted from 330,000 to 350,000 units.
Hyundai Motor Europe (HME) just finished the first quarter of 2004
with a historic high of 81,926 units, which represents a
year-over-year growth rate of 18 percent. As the major markets show
signs of recovery and an improving economic climate, Hyundai Motor
Europe have adjusted their forecast for 2004 from 330,000 to 350,000
units.
"We are pleased to announce that we achieved a record month with
European sales of 34,613 units in March, adding to a strong first
quarter. Especially our continuous improvements in quality and brand
image will have a lasting impact on our sales in Europe," said Kwang
Heum Um, President of Hyundai Motor Europe.
Pushing the growth in terms of volume during the first quarter
were the Getz with 26,100 units (up 38.6 pct y-o-y), the Matrix with
10,300 units (up 28 pct y-o-y) and the Santa Fe with 11,500 units (up
11.8 pct y-o-y). By showing a clear competitive advantage in areas
such as packaging, level of equipment and functionality, Hyundai
expanded their sales of SUV (Santa Fe and Terracan) and MPV (Matrix
and Trajet) models by 17.3 percent to 15,400 units and 18.6 percent
to 13,300 units respectively.
"Although ambitious in our forecast, we are confident that we will
manage to show our best result ever in 2004. With the start of the
UEFA Euro 2004 'season' in just a few weeks time, we expect to
further strengthen our position by aggressively investing in
sales-generating marketing activities," said President Um and added:
"It becomes quite visibly that we prepare ourselves to gather further
momentum for advancing in our goal of becoming one of the world's top
five automakers by 2010."
Established in 1967, Hyundai Motor Co. has grown into the Hyundai
Automotive Group which includes Kia Motors Corp. and over two dozen
auto-related subsidiaries and affiliates. Employing nearly 50,000
people worldwide, Hyundai Motor posted 17.77 billion Euro in sales in
2003. Hyundai motor vehicles are sold in 190 countries through 4,504
dealerships and showrooms. Further information about Hyundai Motor
Co. and its products is available on the Internet at
http://www.hyundai-motor.com.

Contact:

Ralf Kaiser
European Communications
Hyundai Motor Europe GmbH
Phone: +49/6142/789'93'61
E-Mail: rckaiser@hyundai-europe.com