Another company reports cheery news – Kia Motors said that 2010 was its best ever in terms of net profit and sales volumes.
The affiliate of Hyundai Motor recorded sales of 2.13 million vehicles in 2010, an increase of 39% from 2009. In terms of profit, it earned US2.02 billion last year, a jump of 55% compared to the year before. Operating profit also managed to rack up a record high.
Korean domestic sales accounted for 483,000 vehicles, a gain of 18%, while export numbers from the country went up by 26%, to 917,000 units, but it was production in its plants elsewhere that made for the leaps and bounds, with 730,000 units delivered in 2010.
In China, sales climbed by 38%, with Europe registering a 53% gain. Over in the US, the company sold 167,000 vehicles, all built at its North American plant in Georgia.
The positives come after Hyundai’s, which had reported that it had also managed to set new records in both sales and annual net profit; the company sold 3.61 million vehicles last year.
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KIA rules!
When new Optima will be launched here?
Sick with T & H badge!
proton got make money this year?
gomen got give RnD angpao right??
i don know y is that older gen don like korean made car n oso said they like proton but underpowered n they do love japs…i do like any car as long it has butt
Undeniable, T & H still the leading in sales for Non-national car in 2010 with expansive pricing. Kia can only compete with T & H with the cheaper price & better design, without these, it will be big loser.
Record profit but laughable and pathetic after sales service, i am a proud owner of Kia Forte but not Naza.
What the differences?
am a proud owner of Proton Insipira but not Mitsubishi Lancer
KIA and Hyndai has always been the emerging giant.
They did not go well here due to;
1) local distributors and CKD operations is pretty fuxked up (spares, service)
2) local distribution had no marketing whatsoever
3) the main beef we had against them was the depreciation, which can also be blamed on the local distributor screwing things up.
Hyundai/Kia does not necessary sell cheaper cars. They sell cars with higher value. An equivalent Sonata and Accord is about the same price, but the Sonata is loaded to the brim. I woudl choose a Sonata (or even the new Optima) over the Accord.
oo Mr MeLvYn, they do suck ee?? never own one & wish not to own one in a near future but still, all over the world i guess people start to recognize Kia & Hyundai product.. price tag can always be change later on, yg penting people know they’re here and ready to compete..
i wonder which car make a highest sales slice on global Kia market 2010?
I’ve booked a sorento at Klims and until today the vehicle which was promised to be delivered before cny is still not out yet. Used to wait for the car to be launched and now wait again to be delivered. Long long wait.
Where is Kia Forte Koup?
Bravo and syabas to KIA.
KIA just showed the world that they can match and even beat the Japanese in their own turf.
Waiting impatiently for Proton to be the next world beater.