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]

If you liked the article, share on:

Topics: hyundai, kia, sales

Comments

Recommended

As BMW has already revealed, the next generation of the BMW M5 (F90) is a four-wheel drive high-performance sedan with overwhelming power output and torque at its disposal. However, it...
by - November 17, 2017
McLaren unveiled a one-off Gold - on - Black 720S at the 2017 Dubai Motor Show which will be on display throughout the entire stretch of this week’s event. The...
by - November 16, 2017
For the past several years, BMW has been working on electric mobility, or electrifying their current models. This is why the German automaker has trademarked a range of “i” nameplates...
by - November 16, 2017
Singer Vehicle Design is one of the few companies that have a reputation for making some of the coolest machines out there, including the air-cooled Porsche 911s. They collaborated with...
by - November 15, 2017
We never doubted the outstanding performance of the new 2019 Chevrolet Corvette ZR1, with its 6.2 liter supercharged LT5 V8 engine that enables it to produce up to 755 horsepower...
by - November 15, 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