SEOUL, Nov. 18 (Korea Bizwire) — Sales of outdoor activity products are on the rise as more and more people are eschewing the ‘stuck at home’ lifestyle resulting from the coronavirus pandemic, announced Shinsegae Department Store, one of the nation’s leading retailers, on Wednesday. The retailer said sales of outdoor-related products increased by 10 percent [...]
SEOUL, Nov. 15 (Korea Bizwire) — Sales of electric vehicles (EVs) in South Korea almost doubled in the first three quarters of this year from a year earlier, ranking seventh in the world, data showed Monday. A total of 71,006 EVs were sold in Asia’s fourth-largest economy in the January-September period, up 96 percent from [...]
SEOUL, Nov. 11 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. are proving to be strong players in the Indian sport utility vehicle (SUV) market. The Society of Indian Automobile Manufacturers (SIAM) reported that out of 100,055 SUVs sold in India last month, Hyundai and Kia sold 18,538 and 15,931 vehicles, respectively. Hyundai [...]
SEOUL, Nov. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 23 percent in October from a year earlier as a global chip shortage caused a lack of supplies, an industry association said Wednesday. The number of newly registered foreign vehicles fell to 18,764 units last month from 24,257 a year ago, [...]
SEOUL, Nov. 3 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States fell 4.1 percent last month from a year earlier due to a lack of semiconductor parts. Hyundai and Kia sold 108,828 vehicles in the world’s most important automobile market in October from [...]
SEOUL, Nov. 2 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Tuesday its annual sales of eco-friendly vehicles will likely exceed 100,000 units this month amid their growing popularity here. It would mark the first time that Hyundai’s annual sales of green vehicles have surpassed the 100,000-unit level. The projection comes as [...]
SEOUL, Nov. 1 (Korea Bizwire) — South Korean carmakers’ sales fell 22 percent last month from a year earlier as an extended global chip shortage and the COVID-19 pandemic continued to weigh on vehicle production and sales, industry data showed Monday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault [...]
SEOUL, Nov. 1 (Korea Bizwire) — Worldwide sales of the IONIQ 5 and EV6, the first dedicated battery electric models from Hyundai Motor Co. and its affiliate Kia Corp., respectively, have exceeded 50,000 units just six months after their release, according to recent data. Hyundai Motor’s IONIQ 5 was released in April and Kia’s EV6 [...]
SEOUL, Oct. 28 (Korea Bizwire) — Retail sales in South Korea surged 8.2 percent in September from a year earlier, data showed Thursday, as consumers turned to “revenge shopping” amid the prolonged virus pandemic. The combined sales of 25 major offline and online retailers reached 13.2 trillion won (US$11.26 billion) last month, compared with 11.9 [...]
SEOUL, Oct. 27 (Korea Bizwire) — The Brazilian passenger car market has been dominated by Volkswagen AG, Fiat Chrysler Automobiles N.V. and General Motors Co., until Hyundai Motor Co. grabbed the No. 2 spot last month for the first time in its history, bringing an end to the trio’s dominance. Hyundai sold 14,197 vehicles in [...]