ID :
209587
Tue, 09/27/2011 - 03:39
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https://oananews.org//node/209587
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Hyundai, Kia to see combined exports top 2 mln units this year
SEOUL (Yonhap) - Hyundai Motor Co. and its affiliate Kia Motors Corp. are expected to see their combined vehicle exports top 2 million units this year, helped by rising demand for their new models, industry sources said Tuesday.
The country's top two automakers exported a total of 1.44 million units through August this year, up 13 percent from a year earlier, according to the Korea Automobile Manufacturers Association (KAMA).
In terms of value, their outbound shipments jumped 30 percent to reach US$20.6 billion over the cited period, it said.
The figures could translate into monthly sales of some 180,000 units worth $2.5 billion on average.
If the current pace continues, exports of vehicles by Hyundai and Kia are highly likely to top 2 million, KAMA said.
Last year, Hyundai and Kia exported a total of some 1.99 million units worth $25.3 billion.
The sharp rise in overseas sales for the year is attributed to hefty demand for their new models such as the Avante and Sorento R.
The country's top two automakers exported a total of 1.44 million units through August this year, up 13 percent from a year earlier, according to the Korea Automobile Manufacturers Association (KAMA).
In terms of value, their outbound shipments jumped 30 percent to reach US$20.6 billion over the cited period, it said.
The figures could translate into monthly sales of some 180,000 units worth $2.5 billion on average.
If the current pace continues, exports of vehicles by Hyundai and Kia are highly likely to top 2 million, KAMA said.
Last year, Hyundai and Kia exported a total of some 1.99 million units worth $25.3 billion.
The sharp rise in overseas sales for the year is attributed to hefty demand for their new models such as the Avante and Sorento R.
