Kia kaha- Kia maintains strong sales figures

Kia kaha- Kia maintains strong sales figures

kia-

Kia Motors has experienced strong sales growth in 2008, even as some of the world’s biggest motoring names are buffeted by huge losses.

Figures just released show that Kia has increased its global sales for the first ten months of 2008 by 12.7%, to reach a total of 1,172,958 by the end of October. Strong sales in emerging markets like China and also its domestic market in Korea have more than offset dips in crisis-hit US and European countries. Sales in China, where Kia opened its second factory last year, are ahead by 36.8% and at home sales are up 33.9%. In markets outside of the US and Europe the increase is 15.2%.

What’s more, Kia Motors has returned to profitability, moving back into the black this year, following heavy investments in new production facilities around the world recently that had put its finances under pressure.

Kia has ceveloped a range of new models to be introduced onto the international stage soon, including the all-new Soul city car and the new Cerato sedan.

“When you look at what is happening around the world, Kia is in a strong position going forward, which has to be a comforting thought for our customers — even though results are likely to be weaker over the next few months,” says Todd McDonald, General Manager of Kia Motors New Zealand.

Mr McDonald says the success enjoyed by Kia has come at a time of reduced new model activity in 2008, when the company had few new offerings to boost the market. Next year marks the start of a new model blitz.
Currently, Kia’s best selling model in overseas markets to date this year has been the C-segment Cerato with 166,688 units sold. It is followed closely by the B-segment Rio at 133,864 units and the C-segment cee’d at 128,672 units. Kia’s Sportage compact SUV and the A-segment Picanto continue to perform well with 122,330 and 81,136 units sold, respectively. 580,846 passenger cars have been sold so far in 2008, representing a 19.0% year-on-year increase, and representing almost 50% of sales.

kia-

Kia Motors has experienced strong sales growth in 2008, even as some of the world’s biggest motoring names are buffeted by huge losses.

Figures just released show that Kia has increased its global sales for the first ten months of 2008 by 12.7%, to reach a total of 1,172,958 by the end of October. Strong sales in emerging markets like China and also its domestic market in Korea have more than offset dips in crisis-hit US and European countries. Sales in China, where Kia opened its second factory last year, are ahead by 36.8% and at home sales are up 33.9%. In markets outside of the US and Europe the increase is 15.2%.

What’s more, Kia Motors has returned to profitability, moving back into the black this year, following heavy investments in new production facilities around the world recently that had put its finances under pressure.

Kia has ceveloped a range of new models to be introduced onto the international stage soon, including the all-new Soul city car and the new Cerato sedan.

“When you look at what is happening around the world, Kia is in a strong position going forward, which has to be a comforting thought for our customers — even though results are likely to be weaker over the next few months,” says Todd McDonald, General Manager of Kia Motors New Zealand.

Mr McDonald says the success enjoyed by Kia has come at a time of reduced new model activity in 2008, when the company had few new offerings to boost the market. Next year marks the start of a new model blitz.
Currently, Kia’s best selling model in overseas markets to date this year has been the C-segment Cerato with 166,688 units sold. It is followed closely by the B-segment Rio at 133,864 units and the C-segment cee’d at 128,672 units. Kia’s Sportage compact SUV and the A-segment Picanto continue to perform well with 122,330 and 81,136 units sold, respectively. 580,846 passenger cars have been sold so far in 2008, representing a 19.0% year-on-year increase, and representing almost 50% of sales.

« | »

Let us know what you think

Loading Facebook Comments ...

Road Tests

Silver Sponsors

Car and SUV Team

Richard-Edwards-2016Richard Edwards

Managing editor

linkedinphotoDarren Cottingham

Motoring writer

robertbarry-headRobert Barry

Chief reporter

Ian-Ferguson-6Ian Ferguson

Advertising Consultant

debDeborah Baxter

Operations Manager

RSS Latest News from Autotalk

RSS Latest News from Dieseltalk

Read previous post:
Porsche Cayenne goes diesel

From February 2009, Porsche will offer the European market a Cayenne with a diesel engine and thus extend its range...

Close