Hyundai, Kia Expect to Sell 8M Vehicles in 2014
Hyundai and Kia expect to set a new company best record for global annual sales.
Thanks to better-than-expected sales in Brazil, China and India, the two Korean automakers will sell a record eight million vehicles this year, beating their target of 7.86 million vehicles after selling 6.55 million units in the first 10 months of 2014. Strong demand for the Tucson and Sante Fe crossovers also helped boost sales worldwide.
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In the U.S., the Korean automakers’ sales are up four percent to 1,097,250 vehicles through October with Hyundai sales up one percent and Kia sales seeing a bump of seven percent. Despite the increase, Hyundai and Kia are still battling a stronger won that cut into its profitability.
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[Source: Automotive News]
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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