Hyundai, Kia confident that they can sell 8 million vehicles in 2014

Article by Christian A., on November 24, 2014

Hyundai and Kia are confident that they can sell a record 8 million vehicles in 2014, despite a stronger won. Apparently, markets such as China and India will help the companies to achieve the impressive sales target. During the first 10 months of this year, Hyundai-Kia managed to sell 6.55 million vehicles and demand for SUVs such as Tucson and Santa Fe will help the South Korean manufacturer beat their 2014 sales target of 7.86 million vehicles.

As we said, the South Korean manufacturers are struggling with a stronger won and Japanese rivals like Toyota are benefiting from the yen trading at a near seven-year low.

According to Hyundai-Kia Chairman Chung Mong Koo, the market still doesn’t not look rosy but they are prepared to overcome the unfavorable market situation and show their automobile industry’s competence.

Regarding the won, it gained 1.8 percent in the 12-month period ended in September and this is its strongest performance against the dollar. Meanwhile, the yen weakened 10 percent during the same period. [source: bloomberg.com]

Topics: hyundai, kia, sales

If you liked the article, share on:

Comments

Recommended

There is no denying that the new BMW M760Li xDrive really sits at the acme of the German premium carmaker’s 7-Series family. Along with its powerful and confident performance --...
by - March 1, 2017
A nude show can’t get any better than this. As we wait for Koenigsegg to launch the company’s official configurator online, several of its employees have already given us a...
by - March 1, 2017
t seems as if something had flown out of the drawing board. Kind of. Before the Korean carmaker holds its official debut this year, sketches of the updated 2018 Hyundai...
by - February 28, 2017
At the 2017 Mobile World Congress held in Barcelona, SEAT gave the public a taste of what it believes is the future of driving. For the company, this is about...
by - February 28, 2017
It was in April of last year when Honda first revealed plans that it was planning to build a plug-in hybrid version of the Clarity. There will also be an...
by - February 28, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries