Kia Motors' August sales fall 3pc

September 01, 2014 - 1:35:41 pm

SEOUL: Kia Motors Corp., South Korea's second-largest automaker, said Monday its sales fell 3 percent in August from a year ago, mainly due to partial labor strikes that hurt domestic production, South Korea's News (Yonhap) reported.

The latest data showed that walkouts by workers caused a 10.7 percent plunge in production of cars for overseas exports.

Production at Kia's foreign plants, on the other hand, moved up 5.2 percent to 106,430 units, which prevented sharper drops in sales.

Compared with July, when sales soared to 262,517 units, the numbers nosedived 17.2 percent overall.

Overseas sales were down 17.6 percent on-month, while domestic numbers dropped 14.9 percent.

Kia said demand for its Carnival minivan, Morning mini car, K3 and K5 remained high at home, but there was not enough supply to meet orders.

The same development occurred in overseas markets, where sales of the Forte compact, Sportage R crossover SUV and Pride did well. (QNA)



 

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