April 24, 2024

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[THE INVESTOR] Kia Motors said on Dec. 1 its vehicle sales dropped 14.7 percent in November from a year earlier on weaker overseas demand.

The country’s second-largest carmaker by sales sold 259,643 vehicles in November, down from 304,507 units a year earlier, Kia Motors said in a statement.

“Lower demand in some markets amid an economic slowdown had an impact on the company’s overall sales numbers last month,” the statement said.

Domestic sales rose 0.2 percent on-year to 49,027 units in November from 48,906. And overseas sales were off 17.6 percent to 210,016 from 255,601 over the same period, it said.

In the January-November period, Kia’s sales were down 7.8 percent to 2.5 million autos from 2.7 million in the same period the previous year.

By Alex Lee and newswires (alexlee@heraldcorp.com)