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

Article by Christian Andrei, 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

Login or Create new account to add a comment!

Recommended

Ford has just recently unveiled the 2018 Ford Mustang, and as it turned out, the carmaker gave its beloved pony car a facelift. There have been mixed reactions about the...
by - January 19, 2017
The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Each time that Mini launches a new generation of the Countryman crossover, a John Cooper Works performance version is always expected to follow. When Mini unveiled the next-gen 2017 Mini...
by - January 18, 2017
Ford Mustang customers won’t be able to specify the V6 powerplant for the latest iteration of the carmaker’s pony car. This comes as the new 2018 Ford Mustang is saying...
by - January 18, 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