Friday, 07 February 2014 21:56

Hyundai, Kia Expect to Top 2013 Global Vehicle Sales

Hyundai and Kia saw their combined global sales rise 6 percent to 6.9 million vehicles from January to November 2013 from a year earlier. The companies said that they are on track to sell more than 7.5 million vehicles globally this year, higher than their earlier target of 7.41 million vehicles. Hyundai and Kia rank fifth in global vehicle sales, and expect a tough year in 2014 as Japanese and European automakers are seen accelerating competition and the United States and Chinese markets slow. In the US, Hyundai’s sales are up 2 percent this year through November while volume has declined 3 percent at Kia in an overall market that has expanded 8 percent. Hyundai and Kia said they saw their combined global sales rise 6 percent to 6.9 million vehicles from January to November this year from a year earlier. Solid sales gains in emerging markets like China and Brazil outweighed slowing sales in the United States and South Korea where Hyundai and Kia have underperformed rivals partly due to aging models. Last year, Hyundai and Kia sold a combined 7.1 million vehicles.

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