April 26, 2024

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[THE INVESTOR] Kia Motors said on Sept. 3 its August sales dipped 0.2 percent last month from a year earlier due to sluggish exports in key markets.

Kia sold 223,648 vehicles in August, down from 224,208 units the previous year, the company said in a statement. 

On top of weaker overseas demand for its models, the monthly sales results were also affected by production losses as a result of strikes, the company said in a statement. 

Domestic sales rose 7.7 percent on-year to 44,200 units in August from 41,027, helped since June by tax cuts to boost consumption. But overseas sales declined 2.0 percent to 179,448 from 183,181 over the same period, the statement said.

In the January-August period, sales were up 4.0 percent to 1.84 million autos from 1.77 million units in the same period a year earlier, it said.

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