SUVs saved Kia from having a disastrous 2020

In Korea, gross sales decreased by 5.2 % to 137,389 items throughout this era, whereas gross sales outdoors the corporate’s home market elevated by 1.2 % to 605,306 items attributable to a robust restoration in the USA and important progress in India.

Kia attributes its robust efficiency throughout This fall 2020 to robust gross sales of worthwhile SUVs reminiscent of Telluride, Seltos and Sorento, in addition to the Carnival minivan. Gross sales of Kia SUVs and minibuses accounted for 58.7 % of the corporate’s complete gross sales quantity, which was the very best share thus far and a transparent signal that demand for SUVs reveals no indicators of slowing down. In 2020, Kia’s revenues elevated by 1.8 % to KRW 59.17 trillion ($ 53 billion), whereas working revenue elevated by 2.8 % to KRW 2.1 trillion ($ 1.8 billion). Web revenue, however, decreased by 17.7 % all the way down to KRW 1.5 trillion ($ 1.3 billion).

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