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Kia Motors' sales dip 1 pct on-year in 2016

All News 15:43 January 02, 2017

SEOUL, Jan. 2 (Yonhap) -- South Korea's No. 2 automaker Kia Motors Corp. said Monday that its annual global sales slipped 1 percent from a year earlier in 2016 on a decline in overseas sales.

The automaker's global sales came to 3,020,217 cars last year, compared to 3,050,834 cars sold the previous year, the company said in a press release.

Domestic sales gained 1.4 percent on-year to 535,000 units, but overseas sales shrank 1.5 percent to 2,485,217.

The drop in overseas sales was attributed to a cut in outbound shipments of locally produced cars.

Overseas sales of Kia cars produced in South Korea plunged 15.1 percent on-year, partly due to an equally serious drop in output here caused by a series of labor strikes.

Overseas sales of cars produced overseas jumped 10.7 percent in 2016.

For December alone, the South Korean carmaker sold 314,938 cars globally, up 2.2 percent from the same month last year. Domestic sales dropped 7 percent to 49,600 cars, while overseas sales gained 4.2 percent to 265,338 units.


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