Hyundai, Kia led a 17th straight gain in monthly global sales in November

Article by Christian A., on December 2, 2010

Two of South Korea's biggest automakers, Kia Motors Corp. and Hyundai Motor Co., led a 17th straight gain in monthly global sales in November as new models helped boost sales.

Kia, which is a Hyundai affiliate, increased sales 33 percent to 222,116 units. In a statement made to the Korea Exchange, Hyundai said that it sold 314,569 vehicles last month, 1.4 percent more than a year earlier.

Sales outside South Korea rose 5.5 percent, while domestic sales fell 13 percent partly because of an Ulsan plant strike, which reduced deliveries to dealers.

Industry-wide sales for South Korea's five automakers, which also include GM Daewoo Auto & Technology Co., Ssangyong Motor Co. and Renault Samsung Motors Co., climbed 4 percent to 633,758 vehicles in November. Overseas sales grew 20 percent and domestic sales dropped 3.4 percent.

A Seoul-based analyst at LIG Investment & Securities Co., Park In Woo, says that sales outside of South Korea remained brisk, helping offset slow growth rate at home.

He adds that demand in China, Russia and the U.S. will help boost sales in 2011. Hyundai rose 3.8 percent to close at KPW179,000 in Seoul trading, while Kia gained 3.2 percent to KPW50,500. The benchmark Kospi index rose 1.3 percent.

Topics: hyundai, kia, sales

If you liked the article, share on:

Comments

Recommended

A lot of us know Singer Vehicle Design and their signature work of reimagining Porsche 911s, and making them look like hot rods from the 70s. They are not alone...
by - August 20, 2017
August 17, 2017 is a sad day for the Dodge Viper, its fans, enthusiasts and its admirers. It is the day when the last Dodge Viper rolled off the assembly...
by - August 20, 2017
A few months ago, Mercedes-Benz promised that they will be treating everyone to a “big surprise” during the Monterey Car Week. And true enough, many of us were stunned as...
by - August 19, 2017
McLaren has already shown some interest in electrifying their models. And initially, we thought that they will just use hybrid systems to use across their current lineup. Nevertheless, we have...
by - August 19, 2017
Fifty years after its glorious victory at the 24 Hours of Le Mans, Ford launches the 2018 Ford GT ’67 Heritage Edition at the 2017 Monterey Car Week. The red...
by - August 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