At the end of July, Kia posted a consolidated net profit of 1.1-trillion Korean won (approximately $1-billion), for Q2 2011, exceeding forecasts by 187-billion Korean won (about $178-million). Talk about impressive! Achieving even 913-billion Korean won would have been noteworthy. And, to top it all off, in the U.S. alone, Kia succeeded in gaining nearly one full percent of market share in Q2.
Taking a localized view of Kia's outstanding performance here in the U.S., we can see the automaker's market share grew from 3.4 percent in Q1 2011to 4.3 percent in Q2 2011. Much of this growth is fueled by robust interest the Kia Optima and Kia Sportage SUV.
Seeing, consumers gravitate toward and stay with the Kia, the South Korean automaker actually raised their U.S. sales goal for 2011, in the U.S. In addition, the company has also revealed plans to start manufacturing the Kia Optima in the U.S. rather than import it from overseas.
- Awards: Top 5 Family Cars that Dads Love Too (AutoTrader.com), Red Dot Design Award - Best of the Best, Top Ten Best Buy (Auto A Fondo), 2011 Editor's Most Wanted (Edmunds' Inside Line), 5-Star Overall Crash Safety Rating (NHTSA)- Engine: 4-cylinder, DOHC
- Horsepower: 274 hp @ 6,000 rpm
- Torque: 269 ft.-lbs. @ 4,2500 rpm
- Fuel Economy: 22 mpg city/34 mpg highway to 24 mpg city/34 mpg highway (depending on trim)
- Trims Available: LX M/T, LX A/T, EX, EX Turbo, SX
2012 Kia Sportage At a Glance
- Awards/Accolades: IIHS TOP SAFETY PICK- Engine: 4-cylinder, DOHC with Continuously Variable Valve Timing (CVVT)
- Horsepower: 176 hp @ 6,000 rpm
- Torque: 260 ft.-lbs. @ 4,000 rpm
- Fuel Economy: 21 mpg city/26 mpg highway to 22 mpg city/39 mpg highway (depending on trim)
- Trims Available: Base, LX, EX, SX
To learn more about the award-winning Kia vehicles available at Pence Kia, visit us at 11901 Midlothian Turnpike, Midlothian, VA today. Serving Midlothian, we're happy to share complete specs, compare models and arrange test drives.