The Indian passenger vehicle (PV) industry, which crossed the million-units mark (10,26,006 units, up 3%) in the first quarter of FY2024, seems to have begun the second quarter on a similar slower note. As per the compay-wise releases for seven PV manufacturers, combined wholesale dispatches add up to 311,553 units, which makes for a 1%… Continue reading SUV and car wholesales slip in July as OEMs rationalise high inventory levels
Tag: Hyundai
German, Japanese cars lead in residual value
Visitors inspect a Toyota Prado SUV at the 2024 Beijing auto show in April. [CAO YINGYING/CHINA DAILY] German and Japanese vehicles excel in their residual value, followed by Chinese ones, according to a report released last week on the used vehicle market in the first half of the year. After three years of use, vehicles… Continue reading German, Japanese cars lead in residual value
@Hyundai: Kia America Continues Growth Momentum with Record-High July Sales of Electrified Lineup
Kia’s total year-to-date EV volume nearly doubled versus last year driven by best-ever July performance Sportage and Seltos SUVs set new July records Kia America’s positive electrification trajectory continued with record-setting July sales performances. Notably, year-to-date volume of EV models experienced a remarkable increase of 99-percent year-over-year through July, reinforcing Kia’s leadership position in the… Continue reading @Hyundai: Kia America Continues Growth Momentum with Record-High July Sales of Electrified Lineup
Kia India elevates Joonsu Cho as Chief Sales Officer
Cho brings 32 years of experience in the automotive industry. He has held leadership positions globally, including Kia headquarters in Australia, the UK, and Europe. Before his tenure in India, he held the role of CEO to Kia Australia, playing a pivotal role in driving the company’s growth and success in the country. Kia India… Continue reading Kia India elevates Joonsu Cho as Chief Sales Officer
Kia July 2024 auto sales up 2.5%
Kia India, focused on the SUV category, reported domestic dispatches of 20,507 units, marking a year-over-year (Y-O-Y) growth of 2.5% compared to 20,002 units in July 2023. The newly launched Kia Sonet emerged as the top contributor to the July 2024 sales, with an impressive 9,459 units sold. Following closely were the Kia Carens and… Continue reading Kia July 2024 auto sales up 2.5%
Lithia & Driveway (LAD) Reports Record Second Quarter Revenue of $9.2 billion, a 14% Increase, and the First Profitable Quarter for Financing Operations
Announces Dividend of $0.53 per Share for Second Quarter MEDFORD, Ore., Aug. 1, 2024 /PRNewswire/ — Lithia & Driveway (NYSE: LAD) today reported the highest second quarter revenue in company history and the first profitable quarter for Financing Operations, which includes Driveway Finance Corporation. Second quarter 2024 revenue increased 14% to $9.2 billion from $8.1 billion… Continue reading Lithia & Driveway (LAD) Reports Record Second Quarter Revenue of $9.2 billion, a 14% Increase, and the First Profitable Quarter for Financing Operations
@Hyundai: Kia announces July 2024 global sales results
July 2024 global sales of 261,334 units, up 0.2% Y/y Outside of Korea, Kia sold 214,724 units, up 0.9% Y/y In Korea, Kia sold 46,010 units, down 3.0% Y/y Kia SUVs led the company’s sales, including Sportage and Seltos models Kia Corporation today announced total global sales for July 2024 of 261,334 units, a 0.2… Continue reading @Hyundai: Kia announces July 2024 global sales results
KIA AMERICA CONTINUES GROWTH MOMENTUM WITH RECORD-HIGH JULY SALES OF ELECTRIFIED LINEUP
Kia’s total year-to-date EV volume nearly doubled versus last year driven by best-ever July performance Sportage and Seltos SUVs set new July records IRVINE, Calif., Aug. 1, 2024 /PRNewswire/ — Kia America’s positive electrification trajectory continued with record-setting July sales performances. Notably, year-to-date volume of EV models experienced a remarkable increase of 99-percent year-over-year through… Continue reading KIA AMERICA CONTINUES GROWTH MOMENTUM WITH RECORD-HIGH JULY SALES OF ELECTRIFIED LINEUP
EL TOTALMENTE ELÉCTRICO KIA EV6 Y EL SUV TELLURIDE HAN SIDO NOMBRADOS GANADORES DE LA CATEGORÍA 2024 POR LA NEW ENGLAND MOTOR PRESS ASSOCIATION
Tercera victoria consecutiva del EV6, éxito continuo de los vehículos Kia en rigurosas pruebas en condiciones climáticas invernales BOSTON, 31 de julio del 2024 /PRNewswire-HISPANIC PR WIRE/ — El totalmente eléctrico Kia EV6 y el Telluride SUV recibieron cada uno el premio Winter Vehicle Awards 2024 de la New England Motor Press Association (NEMPA). El… Continue reading EL TOTALMENTE ELÉCTRICO KIA EV6 Y EL SUV TELLURIDE HAN SIDO NOMBRADOS GANADORES DE LA CATEGORÍA 2024 POR LA NEW ENGLAND MOTOR PRESS ASSOCIATION
Asahi India Glass Q1 Profit Drops 25%, Revenue Rises 4%
Asahi India Glass Ltd, a supplier to the automotive industry, reported a consolidated net profit of Rs 76.69 crore during Q1FY25- witnessing a drop of 25.41% against Q1FY24. The company’s operating revenue on the other hand stood at Rs 1,135.83 crore in Q1FY25, a jump of 4.14% compared with Q1FY24. Asahi India Glass, with close… Continue reading Asahi India Glass Q1 Profit Drops 25%, Revenue Rises 4%