Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Kia On Track for Record 2012 Sales

Kia On Track for Record 2012 Sales

Kia Motors is on track to another record year of sales growth, internationally and here in New Zealand, as demand for its stylish and high tech cars continues to roar ahead.

With several weeks to go until the end of 2012, Kia has already passed the magic 2 million mark internationally and New Zealand is leading the way with one of the highest percentage growth rates in global sales among Kia Motors distributors.

For the first ten months of the year, Kia sales in New Zealand have grown by an impressive 25.2%, and are already well ahead of the 2011 sales result (2497 year-to-date in 2012, versus 2378 for all of last year).

Kia Motors New Zealand is entering its fourth year of consecutive growth and has one of the best growth rates for any single market, surpassing year-to-date performance in Kia’s other high-performing markets, such as Australia (up 24.4%), Europe (up 22%, in spite of dire economic conditions across the continent), North America (up 18.1%) and China (up 10.4%). Furthermore Kia Motors New Zealand’s growth is ahead of overall new passenger car registrations (up 21.2% according to Motor Industry Association figures) to the end of October.

Todd McDonald, General Manager of Kia Motors New Zealand, says: “The rate of increase in our passenger vehicle sales is a reflection of the value and trust that more buyers are placing in the Kia brand and its products in this market.”

“That growth has been built on a programme of stunning new vehicle designs and advanced technologies, which have been gaining traction in the last few years and the results are evident in the pattern of Kia’s growth.”

It’s a pattern that is also being played out in markets around the world. Last year Kia Motors broke through the 2 million vehicles barrier for the first time in its history reaching 2,478,959 registrations. By the end of October this year, Kia had already reached 2,262,933 units and is well on the way to surpassing two and a half million sales by the end of 2012.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news