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Title Kia Motors posts sales spike in Mexico in Nov.
Write admin Date 2015-12-17 Hit 498
Kia Motors Corp., South Korea's second-ranked carmaker, saw its sales in Mexico jump over 20 percent in November from a month earlier, industry data showed Monday.

According to data provided by a local automotive association, Kia Motors sold a total of 2,247 cars in Mexico last month, up 22.9 percent from the previous month.

This followed a 6.9 percent on-month rise in October, and also marked the fourth straight month of growth since its first entry into the Mexican market in July.

With the growing sales, Kia Motors' market share rose to 1.8 percent last month from the previous month's 1.5 percent, making it the 11th largest among carmakers operating in the country, the data showed.

Kia Motors began selling cars in Mexico in July when it opened 21 dealerships there, which it aims to increase to 65 by the end of 2017.

Its sales in Mexico could gain more traction going forward, as its local plant currently under construction is planned to churn out vehicles in full swing from May next year. The plant started test operations last month.

Meanwhile, Hyundai Motor Co., its bigger affiliate, sold 2,549 vehicles in Mexico last month, up 25.5 percent from the same month a year earlier. It maintained a 2-percent market share last month, the data showed.
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