New High Score: Kia records 89% year-on-year sales growth in May

By MUMLOLOUK payday loans

12 June 2012

New High Score: Kia records 89% year-on-year sales growth in May

 
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What used to be the underdog in the 90's, Kia is now the new fastest-growing automotive brand in the Philippines after it posted a remarkable 89% year-on-year sales growth last May 2012. Under the management of the Columbian Autocar Corporation (CAC), the exclusive distributor of the Korean automaker in the country, Kia sold 3,246 units in the first five months of this year - a huge jump from the mere 1,715 sold in same period in 2011.
 
Numbers published by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) shows that Kia enjoyed a healthy 5% share of the total industry sales from January to May 2012 and ranked 5th in their YTD charts.
  
According to CAC President Ms. Ginia R. Domingo, Kia's strong performance in the first half of 2012 is strongly attributed to the overwhelming reception of the all-new Rio, which was just launch last January. 
 
“The demand for the all-new Rio and our other models, encourages us to continuously introduce vehicles that are expressions of the Kia brand's commitment to create high quality cars with striking designs, that have minimal environmental impact. This philosophy, translated in the company slogan 'Power to Surprise' puts Kia cars at par with the world's top brands, and translates to more Filipino consumers recognizing the undeniable value proposition of our vehicles,” remarked Ms. Domingo.
 
Finally, Kia is going into the battle field well-armed with exciting new models at competitive prices. This allowed them to sell roughly 650 units a month this 2012, which is a huge victory for CAC who only sold half of that last year. But the fight is still not over. If they really want to win the war against the giants at Hyundai, they'll have to come up with something smarter than just the mechanical equivalent of the Trojan horse. Time to bring out the big guns Kia.
 
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