KIMTF.PK: Kia Motors Corp Ord Instablogs

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Monday, May 20, 8:38 AM Hyundai (HYMLF.PK) and Kia (KIMTF.PK) continue to lose market share in South Korea to foreign brands as sharply lower tariffs make exports cheaper for local buyers. Foreign automakers now account for 41% of the market, up from 28% just two years ago. The trend is most pronounced in the luxury market where BMW (BAMXY.PK), Audi (VLKAY.PK), and Mercedes-Benz (DDAIF.PK) are all picking up market share steadily. Comment! [Consumer, Global & FX]
Wednesday, May 1, 3:15 PM Kia (KIMTF.PK) April U.S. sales: flat Y/Y to 47,556 vehicles. Sales gains were led by Optima, up 33% to 14,678, while Soul and Sorento vehicles saw a dip in units sold. Comment! [Consumer, Global & FX]
Wednesday, May 1, 7:46 AM Auto sales are being driven higher by a recovery in the housing market and the wealth effect of a percolating stock market just as much (if not more) than pent-up demand, according to analysts. The average age of vehicles on the road has actually increased to 11.2 years from 10.8 years, giving some indication that perhaps "hundreds of thousands" of units need to be replaced. What to watch: All the major automakers report April U.S. sales numbers today with expectations running high that milder weather and new models on the market boosted sales. 13 Comments [Consumer]
Tuesday, April 30, 12:55 PM Automobile industry snapshot: With a third of the year in the books, the fight for market share in the U.S. is being won by Ford (F), Chrysler (FIATY.PK), and Toyota while South Korean automakers stumble (KIMTF.PK, HYMLF.PK) and General Motors (GM) slowly recovers to where it stood six months ago. Though estimates for total industry sales in 2013 keep ranging higher, watch for Japanese automakers (NSANY.OB, HMC, TM) to use a weakened yen to compete more aggressively on price. On the EV front, the Nissan Leaf and Chevrolet Volt hope to take advantage of Tesla Motors (TSLA) pulling the plug on its 40-kWh version of the Model S. 16 Comments [Consumer]
Monday, April 29, 8:00 AM Though the number of auto recalls has been increasing lately, the actual number of automobiles being recalled is lower as recalls are less broad and cover fewer units. What to watch: Automakers are looking to protect their brand image more than ever after seeing the impact on sales from flaps over Toyota's (TM) unintended acceleration issues and the exaggerated gas mileage claims from South Korean automakers (KIMTF.PK, HYMLF.PK). Frequent, but small, recalls might be part of the plan. Comment! [Consumer, Global & FX]
Wednesday, April 24, 2:30 PM Kia Motors (KIMTF.PK) denies a local media report which said it was planning to build a new plant in the U.S. to help the automaker alleviate a capacity shortage. The company does have U.S. plants in Georgia and Alabama. Comment! [Global & FX, Consumer]
Thursday, April 11, 7:05 AM The China Association of Auto Manufacturers says auto sales in China rose 13.3% during March. During the month, German (BAMXY.PK, DDAIF.PK, VLKAY.PK) and Korean automakers (HYMLF.PK, KIMTF.PK) had sales gains that exceeded 20% while Japanese automakers (HMC, TM, NSANY.OB) suffered a 17.8 percent decline amid lingering anti-Japan sentiment. 1 Comment [Consumer, Global & FX]
Thursday, April 4, 7:17 AM Not another ho-hum auto recall: The aggressive pace of expansion for Hyundai (HYMLF.PK) may have taken its toll on quality control as the automaker faces a brake light switch recall that could topple 1.9M. The development follows up a flap over gas mileage claims and could further undercut U.S. sales. Both Hyundai and affiliate Kia (KIMTF.PK) are down sharply today in Tokyo trading. Comment! [Consumer, Global & FX]
Thursday, April 4, 5:55 AM South Korea's Hyundai (HYMLY.OB) and affiliate company Kia (KIMTF.PK) have recalled over 1.7M vehicles in the U.S. from five model years due to a defect that could stop brake lights from illuminating and the cruise control from turning off. The companies are also recalling 160,000 vehicles in South Korea for the stop-lamp problem, while Hyundai is recalling over 186,000 Elantras due to problems with a support bracket in the car's interior. Comment! [Consumer]
Wednesday, April 3, 9:41 AM Hyundai (HYMLF.PK) and Kia (KIMTF.PK) will recall more than 1.8M cars between them to deal with problems with a faulty switch and loose headliner, according to documents filed with the NHTSA. The pair of South Korean automaker are already facing a wary U.S. consumer over issues with gas mileage claims. Comment! [Consumer, Global & FX]
Tuesday, April 2, 1:40 PM Kia (KIMTF.PK) March U.S. sales: -14.6% to 49,125 vehicles. Every model showed a slip in sales, led by a 29% drop in Forte and a 26% loss in sales for Forte. The automaker says it will deliver seven all-new or significantly redesigned vehicles to the U.S. market this year. Comment! [Consumer, Global & FX]
Tuesday, March 26, 7:46 AM South Korea automakers (HYMLF.P, KIMTF.PK) say they fear a wave of imports if the government lightens up on tariffs in the country. Leaders from South Kora, Japan, and China are having trade talks this week with the impact on the automobile industry of any free trade resolution a primary concern of manufacturers. (Previous: Ford opposes Japan's trade policy) Comment! [Consumer, Global & FX]
Thursday, March 21, 8:51 AM The flip side of the coin: Along with U.S. automakers, South Korean car companies Hyundai (HYMLF.PK) and Kia (KIMTF.PK) are also improving market share in the U.S. with young buyers. The gains are coming at the expense of Japanese automakers (HMC, TM, NSANY.OB) which have steadily lost market share in the key demographic since 2008 but still hold a formidable +40% share position. Comment! [Consumer]
Tuesday, March 19, 8:10 AM Automobile sales fell 10.2% Y/Y in Europe during February to 829K, according to the Association of European Car Manufacturers. Volkswagen (VLKAY.PK), Ford (F), General Motors (GM), and Fiat (FIATY.PK) all had another tough month on the continent, while South Korean automakers Hyundia (HYMLF.PK) and Kia (KIMTF.PK) tread water with sales. By region, sales in Germany and Italy were disappointing again while the U.K. is a bit of an outlier with car sales up 10.3% YTD. 9 Comments [Consumer, Global & FX]
Friday, March 15, 8:47 AM Automobile prices on new vehicles once again lagged overall consumer inflation, down 0.3% M/M in February and only up 1.1% compared to a year ago. Though automakers have been making a big deal on their earnings conference calls about being less promotional in recent quarters, today's CPI report showed the largest monthly drop in new car prices since 2010. 17 Comments [Consumer, U.S. Economy]
Friday, March 1, 1:30 PM Kia (KIMTF.PK) February U.S. sales: -8.5% to 41,505 vehicles. Sales slipped during a slow period in the automaker's launch cycle and with lingering criticism over exaggerated fuel economy claims still affecting demand. The biggest jump in sales by model was the 14% rise with Optima. Comment! [Consumer, Global & FX]

KIMTF.PK Kia Motors Corp Ord

KIMTF.PK

Kia Motors Corp Ord