Surprise, Surprise - Kia K900 Forum
 
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post #1 of 3 Old 07-29-2013, 04:55 PM Thread Starter
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Default Surprise, Surprise

Powered by Chinese sales, Kia’s 2Q profits rose 7.7% YoY, to $1.06 billion, barely printing above expectations. Revenue was up 4.4% to $1.168 billion.

Sales in China, positively affected by the island dispute between China and Japan, were up 22% driven by demand for the K3 sedan (Forte) as Chinese consumers continue to boycott Japanese makes. Kia is also enjoying prosperity in Europe even as rivals struggle, sales in Europe were up slightly, 1.5%. In Kia’s biggest market, the States, sales fell 0.2%, compared to an industry average of +8.5%.

Kia is still moving cars at a decent clip although the 19% increase in incentives is telling of the climate the automotive industry continues to operate in. We'll see if the new Quoris is able to boost sales especially in the American market, although still plagued by QC issues.
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post #2 of 3 Old 07-30-2013, 02:44 PM
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If Kia can get fleet sales happening with the Quoris then we'll see a nice boost in sales. if not, it will take a while for sales to pick up to a decent pace.
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post #3 of 3 Old 08-07-2013, 02:41 PM
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Quote:
Originally Posted by Kiapwr View Post
If Kia can get fleet sales happening with the Quoris then we'll see a nice boost in sales. if not, it will take a while for sales to pick up to a decent pace.
thats even more possible since now there's a long wheel base Quoris. It will basically be the S-Class of the KDM car world.
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