INDUSTRY BusinessIndustry Kia Motors’ Feb. sales inch up 0.7 pct

SEOUL, March 2 (Yonhap) -- Kia Motors Corp., South Korea's No. 2 automaker, said Wednesday that its sales edged up 0.7 percent in February from a year earlier, helped in part by relatively strong domestic demand.

Kia Motors said in a press release that it sold 223,160 vehicles here and abroad last month, compared with 221,655 units a year earlier.

Domestic sales jumped 10.5 percent to 39,110 units, while overseas sales fell 1.2 percent to 184,050 units.

The low crude prices-sparked economic slump hit emerging markets, which led to a decline in its overall global car sales last month, the company explained.

Kia Motors said that it has sold a cumulative 436,838 cars during the January-February period, down 7.9 percent from the same period a year earlier.

Source: Yonhap News

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