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Kia to sweep top three spots in Korea’s car sales on SUV, hybrid boom

Korea Economic Daily LogoKorea Economic Daily4h ago

Kia to sweep top three spots in Korea’s car sales on SUV, hybrid boom - Korea Economic Daily

Quick Summary:

The Sorento is likely to become the first SUV of the country and Kia, which tops the domestic best-selling car list, as SUVs and hybrid cars kept growing more popular amid the prolonged slowdown in electric vehicle sales, industry sources said.“The increasing preference for SUVs and hybrid models raised interest in Kia’s cars, which meet customer needs,” said one of the sources.

Kia’s midsize SUV Sorento topped the list with domestic sales of 67,314 units in the first nine months of the year, followed by its minivan Carnival with 62,352 units and its compact SUV Sportage with 56,063 units, according to data from five carmakers in the country on Monday.

Kia Corp., South Korea’s second-largest automaker, is poised to claim the top three spots on the country’s best-selling car list this year thanks to the growing popularity of sport utility vehicles (SUVs) and hybrid models.


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Article Details

Category: Economy

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-07 @ 12:45:10 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 307 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 22916829

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About Korea Economic Daily

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Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 6 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 5 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #91

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