KIA sales in UAE rise 65.5% in October 2005
Al Majid Motors Co. (Member of Juma Al Majid Group), the sole distributor for Kia vehicles in the UAE announced the year-on-year retail sales increase of 65.5%, for the month of September 2005.
From January through October of this year, Al Majid Motors Co. has seen its retail sales increase of 67.6% over the same period last year. Over this period, AMMC sales for Passenger Cars increased 79.7% while Recreational Vehicles sales increased (4WD & Family Vans) 45.5% and Light Commercial Vehicles experience a 72.9% increase.
Al Majid Motors Co.’s this robust performance can be attributed to continued strong sales of the new C-segment Cerato along with other stellar sellers include the D-segment Optima and the recently launched all-new B-segment Rio sedan and hatchback, which all together contributed 49.8% of the total sale in the month of September. The sales of passenger cars contributed 60.0% of the total sales and recreational vehicles and light commercial vehicles contributed 24.6% and 15.4% respectively.
“The average monthly sales increase of 67.1% we have been experiening this year is a clear evident that the Kia brand is rapidly gaining recognition in the UAE as not just a maker of small compact passenger vehicles, but rather as a trusted manufacturer of a complete vehicle line-up, from the entry-level sub-compact vehicle to highly competitive recreational vehicles. Lead by these impressive sales record, we are way on our target to meet our annual sales target and hope to close the year with a high-note”, said Mr. Samir Tayeh, General Manager of Al Majid Motors Co.
Kia Motors Corporation (www.kiamotors.com) - one of the fastest growing automakers in the world -- was founded in 1944 and is Korea’s oldest manufacturer of motor vehicles. As part of the Hyundai-Kia Automotive Group, Kia aims to become one of the world’s premier automotive brands. Kia’s 16 manufacturing and assembly operations in 12 countries produce more than 1.1 million vehicles a year that are sold and serviced through a network of distributors and dealers covering 155 countries. Kia today has over 32,000 employees and annual revenues of $14 billion. It is the major sponsor of the Australian Tennis Open and an official worldwide sponsor of the Davis Cup. Kia Motors Corporation’s brand slogan -- “The Power to Surprise” -- represents the company’s global commitment to surpassing customer expectations through continuous automotive innovation.
Al Majid Motors Co. (www.kia-uae.com) is the sole distributor for Kia vehicles in the UAE. AMMC is a member of Juma Al Majid Group, one of the most reputed business groups in the Arabian Gulf. AMMC currently sells Kia vehicles in UAE through a network of 7 showrooms, 2 dealers and 3 more new showrooms expected to be added soon. AMMC currently have 4.7% market share in the UAE. To attend the ever growing KIA customers in UAE, AMMC has a total fleet of 12 service centres and 15 parts centres. Al Majid Motors Co is celebrating its 17th year of operation in UAE.