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South Korea reports record vehicle exports in 2025
Yahoo Finance· 2026-01-16 09:40
Group 1: Export Performance - The value of vehicles exported from South Korea increased by 2% to US$72.0 billion in 2025, up from US$70.8 billion in 2024, driven by strong overseas demand for hybrid vehicles [1] - Exports of eco-friendly vehicles, including hybrid and electric vehicles, rose by 11% to US$25.8 billion, with hybrid vehicle shipments increasing by 30% to US$14.8 billion [2] - Exports of used cars surged by 75% to a record high of US$8.9 billion, reflecting the improved reputation of South Korean vehicles in overseas markets and favorable exchange rates [2] Group 2: Production and Market Trends - New vehicle exports fell by 1.7% to 2.7 million units, accounting for 67% of vehicle production in the country, while domestic vehicle production decreased by 0.6% to 4.1 million units [3] - The GM Trax was the highest-volume model with an output of 308,000 units, followed by the Hyundai Kona with 270,000 units and other models [3] Group 3: Industry Challenges and Future Outlook - The Ministry of Trade, Industry and Energy noted that US tariff measures posed challenges for the automobile industry in 2025, but uncertainty was eased through policy measures aimed at strengthening competitiveness in eco-friendly vehicles [4] - In 2026, the automobile industry is expected to face challenges such as increased localization of production overseas and intensifying competition, with a projected 6% decline in light vehicle production to 3.809 million units [4]
KIA AMERICA POSTS HIGHEST MONTHLY SALES IN COMPANY HISTORY
Prnewswire· 2025-09-03 06:52
Core Insights - Kia America achieved record monthly sales of 83,007 units in August, representing a 10.4% increase year-over-year and marking the second time in history that sales surpassed 80,000 units in a single month [1][7] - Year-to-date sales increased by 8.6% compared to the same period last year, with retail sales growing by 10.3% [1][7] Sales Performance - The Kia EV9 recorded sales of 2,679 units in August, a 54% increase from the previous month, while the EV6 and Niro EV saw month-over-month growth of 39% and 57%, respectively [2] - Key models such as Carnival (+29%), Telluride (+19%), Sportage (+19%), K5 (+13%), and EV9 (+12%) experienced significant sales increases compared to the same period last year [3] - The EV9 and Sportage achieved their best-ever monthly sales, contributing to the highest monthly sales for Kia's SUVs [3][7] Company Statements - Eric Watson, vice-president of sales operations at Kia America, highlighted the sales milestone and indicated that the company is on track to achieve its third consecutive annual sales record and highest market share [4] - The diverse product offerings of Kia, including sedans, SUVs, and electrified models, are generating double-digit growth, reflecting the strength of the Kia brand [4] Additional Announcements - The 2025 all-electric Kia EV9 received top honors in the 2025 J.D. Power U.S. Tech Experience Index Study for "One-Pedal Driving" in the Electric Vehicle advanced technology category [8] - Kia hosted automotive journalists for testing the updated 2026 Kia Sportage, focusing on enhancements in design, innovation, and technology [8] - The 2025 Carnival MPV and 2025 Telluride SUV received Winter Vehicle Awards from the New England Motor Press Association, with the Telluride winning multiple awards over the years [8]