July and Year-to-Date Sales Up 19 Percent
IRVINE, Calif., July 2, 2002
Kia Motors America continued its impressive sales increases in the month of July, despite slowing by the industry as a whole. The company sold 23,061 vehicles, outpacing last July`s total by 19 percent. KMA`s year-to-date sales of 144,276 vehicles are also up 19 percent versus sales in the same period last year.
"We`re elated to continue seeing such strong sales numbers," said Peter M. Butterfield, KMA executive vice president and chief operating officer. "As we prepare to launch our most exciting vehicle ever, the Sorento midsize SUV, we`re expecting to see our sales numbers continue to stay on track to meet our goal of a 10 percent increase in 2002."
The top-selling Kia model in July was the Spectra with sales of 6,520 units. Among other models, both the Sedona minivan and Rio subcompact continued to record increases. Sedona sales totaled 5,218, the best month ever, and Rio sales totaled 5,421.
"With this strong sales pace at the end of the model year our inventories are getting low, which may impact our August sales," said Butterfield. "But we expect to be back on pace in September."
Kia Motors America is the U.S. sales, marketing and service arm of Kia Motors Corp. in Seoul, South Korea.