Kia's Oct. sales rise 10% on strong SUV demand
Kia said Monday its vehicle sales rose 10.3 percent from a year earlier in October, driven by strong overseas demand for its sport utility vehicle (SUV) models. Kia sold a total of 291,219 vehicles last month, up from 264,017 units a year earlier, the company said in a press release. The figure includes sales of military vehicles. Robust demand for the Sportage, Sorento and Seltos SUVs boosted…
Kia reported a 10.3% increase in vehicle sales for October compared to the previous year, with SUV models being a significant contributor to the growth. The company sold a total of 291,219 vehicles in October, up from 264,017 units in October 2022. The surge in sales was largely driven by strong demand for Kia's Sportage, Sorento, and Seltos SUVs.
Domestic sales saw a notable rise of 27.5% year-over-year, reaching 51,007 units, while overseas sales increased by 7.2% to 239,308 units. Military vehicle sales also showed an upward trend, increasing by 12.9% to 904 units. Kia plans to continue its sales momentum in the fourth quarter by introducing gasoline-hybrid models in the United States and electrified cars in Europe.
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- Kia's Oct. sales rise 10% on strong SUV demand koreatimes.co.kr
