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

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news