Kia admits new car sales in Russia have been halted
- October 25, 2022
- 0
Kia may completely curtail new car sales in Russia and close the company. This has been announced by the director of the company. One of the reasons is
Kia may completely curtail new car sales in Russia and close the company. This has been announced by the director of the company. One of the reasons is the ongoing crisis in Ukraine and the unstable economic situation in the car market.
That Kia can completely curtail sales in Russia, Bloomberg says. The executive vice president of Korean brand Wu Jong-ju explained this decision by saying that the Russian car market will go through difficult times next year, and this will undoubtedly affect the results of new car sales.
Therefore, the Koreans can only abandon the after-sales service of those cars that have already been sold in the country, and limit the sale of new ones, since the supply of components and cars to Russia is extremely difficult.
Recall that the Russian car market has experienced a sharp decline this year. From January to September, 506,661 cars could be sold, according to the Association of European Businesses (AEB), 59.8% less than in the same period last year. In particular, Kia “closes” only 56,791 cars – the Koreans missed 64%.
That Kia can completely curtail sales in Russia, Bloomberg says. The executive vice president of Korean brand Wu Jong-ju explained this decision by saying that the Russian car market will go through difficult times next year, and this will undoubtedly affect the results of new car sales.
Therefore, the Koreans can only abandon the after-sales service of those cars that have already been sold in the country, and limit the sale of new ones, since the supply of components and cars to Russia is extremely difficult.
Recall that the Russian car market has experienced a sharp decline this year. From January to September, 506,661 cars could be sold, according to the Association of European Businesses (AEB), 59.8% less than in the same period last year. In particular, Kia “closes” only 56,791 cars – the Koreans missed 64%.
Source: Avto Vzglyad
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
