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:

Pin It

Comments

Recommended

Reddit user Jdubbswrx spotted a rather deceptive move coming from the German automotive manufacturer Audi. He posted an image of the supposed exhaust of the new 2018 Audi SQ5 sporting...
by - March 29, 2017
McLaren car owners will be thanking the automotive company as it has decided to roll out new goodies for the 540C, 570S and 570GT sports car line-up. From this series...
by - March 29, 2017
On July 11, Audi is set to reveal its flagship luxury sedan, the all new A8. And at this moment, none of us are sure how this model will look....
by - March 29, 2017
The recent Porsche 911 is definitely considered one of the most elite sports car to grace the roads worldwide. The task of producing its successor is challenging enough for the...
by - March 29, 2017
British startup Zenos, which entered bankruptcy administration earlier this year is now back in business. The Norfolk-based sports car manufacturer was bought by a consortium of investors headed by AC...
by - March 29, 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