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Home > News > Industry News > Kia intends to increase global market share to 3.4%
Kia intends to increase global market share to 3.4%
TOP LEAD IMPORT AND EXPORT LIMITED - China truck|Tractor|Dump truck|Goods vehicle|Concrete mixing truck|Special truck / 2011-05-09

South Korea's second largest car manufacturer Kia Motors executives has revealed that four months of 2011, Kia Motors worldwide vehicle sales growth impressive, the company's share of this year's global vehicle or obtain a substantial improvement is expected ratio will increase by 2.9% in 2010 to 3.4%.

It is understood that Kia Motors Corporation in 1997, the Asian financial crisis plunged into bankruptcy, the company was subsequently incorporated into the South Korean Hyundai Motor Company's number one car prices. Become a subsidiary of Hyundai Motor Company, the Kia vehicle sales performance has shown a rapid growth. Kia Motors Corporation Chief Operating Officer Oh Tae-hyun said that in 2011 Kia Motors global market share will reach 3.4%.

April 2011, Kia Motors in global sales reached 205,600, an increase of as much as 17.8%. The first quarter of 2011, Kia Motors in global sales growth rate up to 30%, rose to 181,000.

It is understood that Kia's sales growth benefited from the global automotive market pick up, rising oil prices caused by favorable to small cars and car prices in Japan after the earthquake showed competitor's weakness. It is reported that South Korean car prices affected by the earthquake in Japan is very small, because they almost do not use auto parts imported from Japan, Hyundai-Kia's market share will be so to upgrade.

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