Hyundai, Kia log better than expected March sales in China

SEOUL (BERNAMA) – Hyundai Motor Co and Kia Motors Corp – South Korea’s top two automakers – said yesterday that their sales in China were better than expected in March due to aggressive marketing.

Yonhap news agency reported that the corporate duo suffered an 82 per cent on-year drop in their sales in February, but their sales decline in March narrowed from a month earlier.

Hyundai Motor sold a total of 34,890 units in China last month, down 22 per cent from a year earlier, and Kia’s sales reached 13,537 units, down 38 per cent over the cited period, according to the automakers.

In February, global carmakers suffered a sharp drop in their sales in China due to the extended shutdown of some factories and a prolonged holiday period.

A staff member works on production line at a plant of Beijing Hyundai in Cangzhou City, north China’s Hebei Province. PHOTO: XINHUA