AUTOMOBILE Kia Motors Ends 2012 with 9.3% Increase in Global Sales

kia

KIA Sorento

kia sportage
KIA Sportage

Kia Motors Corporation has announced that its global sales for passenger cars (export sales, domestic sales and sales from overseas plants), recreational vehicles (RVs) and commercial vehicles for 2012 reached an all-time high of 2,710,017 units, reinforcing Kia’s position as one of the world’s fastest growing automakers. This figure represents an annual year-on-year increase of 9.3% and marks the first time in the company’s history that it has eclipsed the 2.7 million unit sales mark.
By region, Kia posted year-on-year sales growth in Europe* (571,033 units, a 19.5% year-on-year increase), North America (635,399 units sold, a 15.4% year-on-year increase), China (512,167 units, an 11% year-on-year increase), and general markets** (509,358 units sold, a 2.7% year-on-year increase). Kia posted sales of 482,060 units in its home market of Korea for a 2.2% year-on-year decrease.
For the month of December 2012, sales growth was achieved in Europe (42,367 units, a 15.8% year-on-year increase)*, China (53,211 units, a 12.9% year-on-year increase), and Korea (46,514 units, a 3.2% year-on-year increase).
Kia’s bestselling model in overseas markets in 2012 was the B-segment Rio with 466,826 units sold. Kia’s Sportage compact CUV and C-segment Cerato (known as ‘Forte’ in some markets) followed with 359,742 and 352,226 units sold, respectively. The Optima mid-size sedan came in fourth with 259,551 units sold, while the Sorento SUV rounded out the top five with 219,154 units sold.
Notable company milestones in 2012 included the start of construction on Kia’s third China plant with a 300,000-unit annual capacity; and two company firsts – entering the ranks of InterBrand’s ‘Top 100 Best Global Brands’ and launching the all-new Kia Quoris luxury flagship sedan.

The second generation and European exclusive C-segment Kia cee’d was launched earlier in the year and made its premier at the Geneva Motor Show. Additionally, the all-new Cerato (Forte) C-segment and the Carens compact MPV, which both premiered at international motor shows in 2012.
Thomas Oh, Executive Vice President & COO of Kia Motors Corp., said:

“The year 2012 was another period of significant milestones for the Kia brand, and our ongoing product offensive will continue in 2013 with the start of production of eight next generation, upgraded or body style variants, including the all-new Carens and Soul as well as refreshed versions of the Optima, Sportage and Rio. Given the difficult global market environment expected in 2013, we at Kia will embark on a new era of qualitative growth in all areas of the business to prepare ourselves for a new wave of sales expansion in the coming years.”

spot_img
spot_img
spot_img
spot_img

Hot this week

RMBN Money Market Fund Receives Two-Notch Upgrade to ‘A+’ from Agusto & Co.

RMB Nigeria Asset Management Limited (RMBN AM) has received...

NCDMB, SNEPCo, LADOL Launch Human Capacity Development Programme for Supply Base Services

The Nigerian Content Development and Monitoring Board (NCDMB), in...

NCDMB Hosts Ghana National Oil Coy on Local Content Benchmarking Study

  R-L: Dr. Obinna Ezeobi, General Manager, Corporate Communications, Esueme...

NCDMB’s Oil & Gas Park to Become Operational Q4 2026

The Nigerian Oil and Gas Park Scheme (NOGaPS) at...

Is the Era of the POS Operator Coming to an End?

By Elvis Eromosele Step outside your home in Lagos, Kano,...

Topics

MTN Sues CBN, AG over $10.1bn Forex, Tax Sanctions

The MTN Group says it has sought court injunction...

FG Denies Raising Import Duties on Food Items

The Federal Government has vehemently denied reports that it...

5G to Contribute $2.2tr to Global Economy by 2034

According to a new report ‘The Mobile Economy 2020’ by GSMA...

Sanofi Announces AfricaTech 2020 Challenges, Calls for Entries

  Sanofi, a global biopharmaceutical company dedicated to improving the...

Union Bank Charging Customers N50 for Teller

Union Bank of Nigeria Plc is alleged to be...

The N714bn Bailout: Matters Arising

It was good news the other morning when news filtered out that the federal government has graciously given cash-strapped states a bailout of approximately N714 billion to settle outstanding salaries and other forms of wages to workers in their states. To the workers, it was probably the best news of the year 2015, given that some that had fallen into arrears for upwards of seven to nine months. To ordinary Nigerians not directly affected by the salary crisis in the affected states, the bailout represents a moment of relief from the plight of the workers. For the state governments, the bailout is only a temporary measure to relieve them of the scandalous inability to meet their obligations to workers in the states.

NAICOM Approves Ademola Abidogun as Guinea Insurance CEO

The National Insurance Commission (NAICOM) has approved the appointment...
spot_img

Related Articles

Popular Categories

spot_imgspot_img