More good news for the South Korean automakers Hyundai & Kia in his local market, after several months losing share market in favor of import brands, the increase popularity of sports utility vehicles (SUV) is growing at a blistering pace.
If this sales trend continues toward the end of the year, this year’s annual sales of SUVs are projected to exceed the previous record of 297,594 units set in 2002 when SUV sales peaked thanks to the hike in the popularity of Kia Sorento, Hyundai Santa Fe, and Ssangyong Rexton.
After sliding to 168,520 units in 2008 due to the global economic slump, SUV sales rebounded sharply to 250,262 units in 2012 and 290,722 units in 2013.
This year’s best-selling SUV model is the Santa Fe which was sold 36,190 units for the first five months of this year, followed by Kia Sportage R (20,403) and Hyundai Tucson ix (17,912). This dates will be performed when Kia launch new generation Sorento in August. (Read More here).