Bloomberg News

Hyundai Motor September Sales Rise 14%; Kia Sales Jump 16%

October 04, 2011

(Updates with share prices in third paragraph.)

Oct. 4 (Bloomberg) -- Hyundai Motor Co., South Korea’s largest automaker, said sales increased 14 percent in September helped by strong demand in overseas markets.

Hyundai sold 359,560 vehicles last month, according to a regulatory filing today. Overseas sales at the Seoul-based automaker rose 17 percent while domestic sales fell 1.1 percent.

Kia Motors Corp. sold 213,102 vehicles in September, an increase of 16 percent from a year earlier, the affiliate of Hyundai said in a separate filing today. Overseas sales gained 20 percent while domestic sales rose 4.4 percent.

Hyundai Motor dropped 2.8 percent to 205,000 won at the 3 p.m. close in Seoul trading, while the benchmark Kospi index slid 3.6 percent. Kia shares declined 3.8 percent.

--Editors: Suresh Seshadri, Subramaniam Sharma

To contact the reporter on this story: Rose Kim in Seoul at rkim76@bloomberg.net

To contact the editor responsible for this story: Kae Inoue at kinoue@bloomberg.net


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