Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

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's Oct. sales rise 10% on strong SUV demand

Kia reported a 10.3 percent increase in vehicle sales for October, driven primarily by strong demand for its SUV models. The company sold a total of 291,219 vehicles, up from 264,017 units a year earlier, including military vehicles. The Sportage, Sorento, and Seltos SUVs contributed significantly to the monthly sales, with domestic sales rising 27.5 percent and overseas sales increasing 7.2 percent.

Kia plans to maintain its sales growth in the fourth quarter by launching gasoline-hybrid models in the United States and electrified cars in Europe.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at koreatimes.co.kr →

More in Finance & Markets

More from Monday 2 November →