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Kia posts 22.8pc sales growth

Dubai, December 7, 2011

Kia Motors said it has registered a year-on-year sales growth of 22.8 per cent globally with a sale of 220,037 vehicles in November.

The global sales figure includes export sales, domestic sales and sales from overseas plants for passenger cars, recreational vehicles (RVs) and commercial vehicles for November.

In November, Kia posted strong double digit year-on-year sales increases in many of its key regions – 40.9 per cent in Europe (45,985 units sold), 36.7 per cent in North America (41,861 units sold), 33.4 per cent in China (48,689 units sold).

The growth in the general markets, which include regions of Central and South America, the Caribbean, Asia (excluding China and Korea), the Pacific, Middle East and Africa, was 25.7 per cent with 44,471 units sold.

Cumulatively, through the first eleven months of 2011, Kia’s global sales have increased by 18.7 per cent year-on-year to reach 2,264,262 units.

However, the November sales in Kia’s home market of Korea declined by 11.4 per cent (39,031 units sold).

North America experienced the highest gain to date in 2011 of 33.8 per cent (503,806 units sold) while the remaining regions have all shown cumulative year-on-year sales increases: 29.2 per cent in China (414,475 units sold), 22.5 per cent in Europe (441,573 units sold), 11.1 per cent in general markets (456,461 units sold) and two per cent in Korea (447,947 units sold).

Kia’s best selling model in overseas markets for the month of November was the B-segment Rio (known as ‘K2’ in China) with 37,764 units sold.

The C-segment Cerato (known as ‘Forte’ in some markets) was the second best seller with 31,178 units delivered, while the Sportage compact CUV, Sorento mid-size CUV and D-segment Optima sedan followed with 30,148, 19,358 and 15,483 units sold, respectively.

Tae-Hyun (Thomas) Oh, senior executive VP & COO of Kia Motors, said, 'We have enjoyed strong sales growth throughout November, especially in Europe which has taken the number one slot for monthly sales among our major sales regions for the first time in 2011, thanks to the popularity of our recently introduced all-new Picanto and Rio.'

'This momentum is expected to continue as the long-awaited all-new Optima will commence sales in Europe later this month,' he added.-TradeArabia News Service




Tags: Cars | Sales | growth | Vehicles | Kia Motors |

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