Kia’s sales chief faces tougher challenge despite 24-month sales record

Article by Anita Panait, on September 7, 2012

Kia Motors America (KMA) has set sales records in the United States for 24 consecutive months, a huge achievement for Tom Loveless, the executive vice president of sales for KMA. KMA has also been recording annual sales growth in the US for 17 years. Loveless, along with KMA’s executive vice president for marketing & communications Mike Sprague, still faces the hard task of sustaining that sales growth.

The secret for their success: they don’t sell vehicles that don’t sell. The company’s consecutive monthly records began shortly after Kia commenced the operations of its West Point assembly plant in Georgia in November. That provided the carmaker with a steady supply of Sorentos and Optimas to augment its imports, allowing Kia to boost its sales and capture the seventh spot of best-selling brands in the US. Kia didn’t stop there.

This year, the carmaker added a third shift and increased its production capacity to 360,000 units a year. Kia, however, will only receive less than 300,000 units from the West Point plant, as the site also produces the Santa Fe for sister brand Hyundai. However, that would be enough for 40 percent local sourcing if the carmaker remains on track for a 4 percent U.S. market share in 2012.

That would translate into an expected 572,000 vehicle sales for Kia this year, up 18 percent from 2011. Loveless plans to further increase Kia’s sales volume and US market share in 2013, but will not source the additional vehicles from the West Point plant.

According to Loveless, Kia would increase its volume in 2013 by importing cars. KMA is jostling for a bigger 2013 allocation from its South Korean, after receiving an additional 10,000 units of the Soul this year. Kia’s operations in other parts of world are also clamoring for more products, but the carmaker only has limited resources. Loveless hinted that some other international markets are "tougher than others."

Topics: kia, sales, record

If you liked the article, share on:

Pin It

Comments

Recommended

Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Daimler AG, through its Smart division, has disclosed that its two electric models, the Smart ForTwo and the Smart ForFour are now open for orders in Germany. Official market launch...
by - March 25, 2017
Lamborghini has officially offered clear proof that the Huracán Performante was able to set a new record at the Nürburgring Nordschleife with a time of 6:52.01 It was in early...
by - March 25, 2017
Top Gear has revealed that for its “Stars in a Reasonably Fast Car” segment, it will now be using a slightly enhanced Toyota GT86, which in the U.S. market is...
by - March 24, 2017
Porsche is laying aside any plans of pushing another hybrid hypercar into their line-up -- at least not at this time. Oliver Blume, Porsche Global Chief confirmed in a recent...
by - March 24, 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