KIMTF - Kia Motors America reports record March and first-quarter sales

2023-04-03 05:44:47 ET

• Kia Motors America ( OTCPK:KIMTF ) kicked off 2023 with a record Q1 sales of 184,136 units, a 15% increase over the previous high set in 2021.
• March sales of 71,294 units (+19.8% Y/Y) were the company's second-highest monthly performance in history, and the eighth consecutive month of record-breaking sales.
• In addition, four Kia models reported double digit sales growth Y/Y: Carnival up 81%, Sportage up 37%, Telluride up 23% and Forte up 14%.
• Kia's electrified models increased 10% Y/Y.
• "Kia's record first-quarter is a direct result of our consistent efforts to build our brand, improve residual values, and deliver world-class models with cutting-edge design and innovative technology," said Eric Watson, vice president, sales operations, Kia America. "Kia's transformation will continue to accelerate as production availability of important SUVs and in-demand electrified vehicles improves throughout the year."
• Press release

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