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KIA AMERICA POSTS ALL-TIME OCTOBER YEAR-TO-DATE SALES RECORD
Prnewswire· 2025-11-01 09:13
Core Insights - Kia America achieved record sales in October 2025, delivering 69,002 units, marking an 8% year-to-date increase over 2024, with a total of 705,150 units sold in 2025 [1][5][7] - The sales growth is attributed to strong retail performance at Kia dealerships, with notable increases in several models, including Niro (+75%), Carnival (+35%), K5 (+31%), Seltos (+32%), and Sportage (+17%) [2][5] - Kia is set to debut the second-generation Telluride SUV at the Los Angeles Auto Show, which is expected to further enhance the brand's growth trajectory [3][6] Sales Performance - October 2025 sales of 69,002 units represent a new monthly sales record, with an 8% increase in year-to-date sales compared to 2024 [5][7] - Specific model performances include: - EV9: 666 units sold in October 2025, down from 1,941 in 2024 - EV6: 508 units sold in October 2025, down from 1,732 in 2024 - K5: 7,631 units sold in October 2025, up from 5,818 in 2024 - Carnival: 6,605 units sold in October 2025, up from 4,909 in 2024 [4][7] Model Highlights - The brand's electrified models saw a 16% increase in sales year-over-year, while SUVs experienced a 2% increase [2] - The Telluride SUV has been pivotal in Kia's brand transformation, having won multiple prestigious awards in 2020 [6] - The discontinuation of the Kia Soul is noted, with over 1.5 million units sold in the U.S. since its launch in 2009 [6] Future Outlook - Kia's focus remains on long-term growth through a diverse model lineup that offers outstanding value [3] - Anticipation builds for the upcoming Telluride SUV, which is expected to contribute positively to sales as the holiday season approaches [3][6]
KIA AMERICA POSTS BEST QUARTER AND HIGHEST YEAR-TO-DATE SALES IN COMPANY HISTORY
Prnewswire· 2025-10-01 07:29
Core Insights - Kia America achieved record sales in September 2025, delivering 65,507 units, marking an 11 percent increase compared to September 2024, and a total of 219,637 units for the quarter [1][7] - Year-to-date sales reached 636,148 units, representing a 9 percent increase over the same period last year, with 583,163 units sold through Kia dealers [1][5] Sales Performance - Six models showed significant sales growth: K5 (+85 percent), Carnival (+48 percent), Telluride (+13 percent), Sportage (+13 percent), Sorento (+7 percent), and K4 (+4 percent) [2] - Electrified models saw a 26 percent increase, sedans increased by 19 percent, and SUVs grew by 6 percent year-over-year [5] Market Position - Kia is on track for a third consecutive annual sales record and aims for the highest-ever market share, driven by strong sales in electrified and sedan models [3] - The EV9 model achieved record sales with 3,094 units sold in September and 7,510 units in the quarter [5] Model-Specific Sales Data - Detailed sales figures for September 2025 include: - EV9: 3,094 units - EV6: 2,116 units - K4/Forte: 8,829 units - K5: 5,290 units - Soul: 4,069 units - Niro: 2,446 units - Seltos: 4,635 units - Sportage: 14,515 units - Sorento: 6,502 units - Telluride: 8,408 units [4][7] Company Overview - Kia America is headquartered in Irvine, California, and is recognized for its automotive quality, sustainability, and diverse vehicle offerings, including gasoline, hybrid, plug-in hybrid, and electric models [8]
South Korea report: domestic vehicle market up 5% in August
Yahoo Finance· 2025-09-10 17:14
Core Insights - Domestic vehicle sales in South Korea increased by 5% to 111,523 units in August 2025 compared to 106,149 units a year earlier, with the five main automakers showing varied performance [6] - Hyundai's global sales rose by 0.4% to 336,395 vehicles in August 2025, with a total of 2,738,841 vehicles sold globally in the first eight months, slightly higher than the previous year [2] - Kia's global sales increased by 1.7% to 2,104,293 units in the first eight months of the year, supported by new battery electric vehicles and strong demand for core SUV models [9] - GM Korea's global sales rose by 35% to 21,059 units in August, although year-to-date deliveries were down by 2% [13] - Renault Korea's domestic sales surged by 156% to 35,933 units in the first eight months, driven by the launch of new models, despite a 24% drop in global sales in August [21] Domestic Sales Performance - Domestic sales rose by 0.4% to 58,330 units in August from 58,087 units a year earlier, leading to a 2.1% increase in the first eight months to 469,457 units [1] - The five main domestic manufacturers reported a 2.5% increase in domestic sales to 910,878 units in the first eight months [4] - Hyundai's domestic sales increased by 2.1% to 469,457 units, while Kia's sales rose slightly to 368,102 units [4] Overseas Sales Trends - Overseas sales for Hyundai increased by 0.5% to 336,395 units in August, but year-to-date volumes decreased slightly to 2,269,384 units [1] - Kia's overseas sales fell slightly to 209,887 units in August, but year-to-date sales increased by almost 2% to 1,736,191 units [11] - GM Korea's exports surged by almost 42% to 19,852 units in August, although year-to-date exports were only slightly higher [15] Market Conditions and Economic Factors - The domestic vehicle market is supported by new product rollouts from major automakers, but overall demand remains sluggish due to high household debt and weak consumer sentiment [5] - South Korea's GDP expanded by 0.6% in the second quarter, following a contraction in the first quarter, aided by interest rate cuts [5] Future Outlook and Strategic Initiatives - Hyundai aims for global vehicle sales of 4,174,000 in 2025, including 710,000 domestic sales and 3,464,000 overseas sales, with a planned investment increase in the US to $26 billion [8] - Kia targets a 4% increase in global sales to 3,216,200 units in 2025, supported by new model launches [12] - KG Mobility plans to expand its zero-emissions vehicle range and has entered a strategic partnership with Chery Automobile for technology sharing [19]