April 27, 2024

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[THE INVESTOR] Kia Motors said on Aug. 1 its car sales rose 5.1 percent last month from a year earlier on recovering demand in emerging markets.

Kia sold 230,878 vehicles in July, up from 219,699 units a year earlier, the company said in a statement.

The monthly sales were helped by recovering overseas demand for “recreation-oriented” models such as the Sorento SUV, the Sportage SUV and the Carnival minivan, it said.

Domestic sales rose 7.8 percent on-year to 47,000 units in July from 43,611. Overseas sales climbed 4.4 percent to 183,878 from 176,088 over the same period, the statement said.

In the January-July period, Kia’s sales grew 4.5 percent to 1.62 million autos from 1.55 million units in the same period a year ago, it said.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)