Kia on the Rise Kia Posts Big Profit

Kia Continues to Grow

Amanda Hart

Staying on track

South Korean based auto maker Kia has been very busy lately. In the past decade Kia has been one of the most active car manufacturers not only in America but in the entire world.

One look at an online Kia search engine will quickly show the kind of high quality vehicles that Kia is pushing out these days. Many debuts and remodels have pushed Kia to new heights, especially for this last quarter.

Kia recorded an incredible 26% increase in net income for this past quarter. They rose from 953.2 billion won to 1.2 trillion won ($1.1 billion), handily beating professional analyst estimations. The won is the South Korean unit of currency.

Expanding markets

Kia's recent focus on expanding and emphasizing sales in foreign markets has paid off in dividends. China is a massive market and is on the rise, and every car manufacturer is trying to stake a claim there. Kia's sales in China were up 15%.

There is also a large focus on expanding in Europe, and Kia sales grew by 25% there. Most impressive of all is Kia's increase in American auto deals. They were up by 32%, which is on pace to absolutely crush their yearly goal. The only market Kia did not increase in was its own domestic market in South Korea.

Kia shows no sign of letting up, with the debut of their K9 sedan coming right around the corner. It will debut in South Korea first, and they are hoping it will be the shot in the arm that it needed in their domestic market.

There is a reason that Kia is doing so well, and it is largely attributed to their focus on quality. Check out the great Kia cars near you with a Kia dealer finder. No other manufacturer has had the recent improvement on perceived quality as Kia, and it is really not hard to see why.

Previous Wounded American Veteran Receives 2012 Kia Soul

Next NHTSA's SaferCar App Available for iPhones