New plant in Mexico may first built Kia Forte

Article by Christian A., on September 3, 2014

While Kia is still officially reviewing which nameplates would be produced at its new facility in Monterrey, Mexico, the Forte could be the first to be built at the new site, Reuters says. Kia is planning to build a range of compact models at site, which will be able to produce 300,000 vehicles annually. The Monterrey site is set to commence production in the first half of 2016.

A North American output would benefit the Forte, which has failed to perform as expected in the compact car segment. Despite a redesign in 2013, the Forte only grew 5 percent in the first seven months of 2014 to 43,517 units in the US, good for a 3.2 percent share of the compact-car segment, according to the Automotive News Data Center.

On the other hand, Kia’s overall sales surged 7 percent in the period. John Fee, general manager of Koons Kia at Woodbridge in Virginia, told Automotive News that the South Korean carmaker has informed him that the new plant will build the Forte.

If that happens, then Koons Kia could sell more Fortes. He disclosed that with current sales rate of around eight Fortes per month, the demand would support 25 more with sufficient inventory.

Fee disclosed that he sells Forte out just within 30 days following arrival, which means he needs to wait long until the next shipment arrives. "They just can't build them quick enough," he told Automotive News. Ed Kim, vice president of industry analysis at AutoPacific, capacity limits have impacted sales of the Forte across the US.

If you liked the article, share on:

Comments

Recommended

The Chinese market will soon be getting the exclusive China-only model, Mercedes-Benz GLC-L, for a premium of 15,000 yuan ($2,300) more than the regular model. The difference is actually quite...
by - January 20, 2018
The Bentley Bentayga is set to participate in the famous Pikes Peak International Hill Climb that is slated to take place on June 24th in Colorado. The automaker’s motorsport department...
by - January 19, 2018
Infiniti will commence sales of the new 2019 Infiniti QX50 in the spring, with a starting price of $36,550. But before the big launch, Infiniti has introduced a new reservation...
by - January 18, 2018
BMW fans may be surprised with what the car manufacturer’s boss Robert Irlinger said in a recent interview with Autocar during a recent media meeting. And this is the fact...
by - January 18, 2018
Currently, there aren’t any Lexus convertibles out in the market, but it seems like it won’t be too long until we see one again. This is because Toyota’s premium brand...
by - January 18, 2018
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