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Kia lifts sales and profits in 2008


Korean carmaker Kia says it believes it’s well-placed to continue the sales and profit rises it recorded last year, despite the global economic recession

Kia lifted worldwide sales 8.4 percent in 2008, and within that total, cars made up 63 percent of vehicle sales, an 11.7 percent increase year-on-year.

Kia sold 1,375,738 vehicles last year, and lifted profits from $19 million in 2007 to $190 million in 2008.

Sales in China rose 34.2 percent, to 151,085, and Kia did well at home, lifting sales rose 16.2 percent, to 16,432.

Things weren’t so rosy in Europe – down 2.3 percent, to 335,138 – or North America where the 310,917 sold were an 8.6 percent drop.

Biggest-selling Kia worldwide was the Cerato, followed by the Rio, Sportage compact SUV and the European-built Cee’d.


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