Kia June 2017 Sales Down 10.3% with 56,143 Vehicles Sold

Discussion in 'In the News' started by xcel, Jul 11, 2017.

  1. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    [​IMG] Although Kia does not provide the Optima HEV/PHEV breakouts, the model had a great June.

    Wayne Gerdes – CleanMPG – July 3, 2017

    2017 Kia Optima Hybrid - $27,420 to start including mats and $895 D&H charge offers owners an excellent 39/46 mpg city/highway rating. That is up 4 city and 8 mpg highway over the first gen Optima Hybrid, a Guinness World Record setter in its own right.

    2017 Kia Optima Hybrid

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    The all-new 2017 Kia Optima Hybrid is built off the all-new fourth-generation Optima sedan platform. The Optima HEV/PHEV along with the current Niro HEV and upcoming Niro PHEV are just four models that lead the charge to the brands focus on increasing the brands offerings by 25 percent by 2020.

    The 2017 Optima Hybrid replaces the previous generation’s 2.4L I4 with an Atkinsonized 2.0L GDI I4 with 154 hp – mated to a 6-speed AT. Between the two is a 38 kW electric motor and clutch providing either assist or when the engine is clutched out, running in electric mode on the small 1.62 kWh Li-Ion pack now located under the 60/40 split-folding rear seats. Together the pkg. provides 192 hp and 271 lb-ft. of torque.

    The Optima Hybrid chassis consists of more than 50 percent Advanced High Strength Steel (AHSS), numerous hot-stamped components, and greater use of structural adhesive that improves both rigidity and lowers NVH.

    The Optima Hybrid body shell creates a wind cheating low Cd of just 0.24. Besides underbody panels and a specifically shaped profile, the Optima Hybrid includes an active grille shutter, front air curtain, a beveled rear bumper, a rear diffuser, and aerodynamic alloys.

    Inside, Kia continues to provide more with std. leather wrapped wheel and shift knob, AM/FM/MP3/SiriusXM through a 6-Speaker Audio System, UVO eServices with a 7" Color Touch-Screen Display, rear view camera, and both Android Auto and Apple CarPlay.

    Kia June 2017 Sales Overview

    Kia June sales of 56,143 vehicles were down 10.3 percent below the 62,572 sold in June of 2016. The Daily Selling Rate (DSR) was equal to the raw volume as there were 26 sales days in both June of 2016 and June of 2017.

    YTD sales of 295,736 were also down 9.9 percent below the 328,327 sold through the same period of 2016. DSR and raw volumes were also equivalent with 152 selling days in both 2017 and 2016.

    The big news is that Kia’s were purchased in higher quantities than its parent Hyundai by 636 vehicles in June!

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    The main highlight was Optima with June sales of 11,252, up 22.6 percent over the 9,180 sold in June of 2016. YTD sales of 59,717 vehicles, down 2.2 percent below the 61,067 sold during the same period of 2016.

    The U.S. Automobile June 2017 vs. June 2016 Market Share results.

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    To begin, GM moved back ahead of Ford in June although market share is down .3 percent from last June. Toyota gained 0.7 percent and took back what both GM and Ford lost. Nissan gained 0.5 percent while Hyundai took a hard hit, down 0.8 percent. Subaru continued its streak of increasing market share with a 3.6 percent share in June, up 0.5 percent over its share in June of 2016.

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    The Silverado finally outsold RAM which had been in the number two spot for the past three months. It also appears someone was pushing Equinox's as mentioned above allowing it to enter the Top 10.

    Rogue is now the #1 selling CUV in the U.S. with its main rival, the CR-V falling out of the Top 10 for the first time in a long time. The RAV4 is right on the Rogue’s heels too!

    The Corolla continues to amaze with a 6th spot in June’s Top 10 U.S. auto sales. It does not feel like a Top 10 car but you cannot fault the almost 1,500 Toyota dealerships ability to move metal despite its lack of competitive features and pricing.

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    Segment Items of note

    While the Versa continues to hold onto its number one spot, the harsh sales fall was telling of the marketing and sales push that Nissan is providing it. The Rio has all but fallen off the radar of most apparently.

    In the C-Segment, the large incentives did not help Elantra as the aging Focus and middling Sentra and Corolla easily outsold it. The all-new Impreza is showing newfound Consumer demand. To think it was ever going to be close to the Jetta is noteworthy!

    In the D-segment, Accord and Camry continue to batter for supremacy. Camry will be first to reach dealership showrooms with their all-new model while the all-new 10th gen Accord online reveal in Detroit on the 14th should be a worthwhile watch. The rental fleet darling Malibu is really taking a haircut while Sonata and Passat are not doing well at all either.

    CUVs continue to be America’s choice. Rogue continues its award-winning ways with its segment result moving from third, to second and now into fist over the past three months. Talk about firing on all cylinders!

    In the pickup truck segment, for the third month in a row Ford’s F-Series has outsold the entire GM pickup truck lineup.

    When it comes to Hybrids, the Prius lineup has succumbed competitor’s offerings all year. The Fusion Hybrid moved ahead of the Prius liftback for the third time this year. January, March, and now June. The Fusion Hybrids YTD sales of 31,537 still lag the Prius liftbacks 33,112 sold through the first 6-months of 2017 but it will be a competition to watch through the second half of the year.

    The Kia Niro and Hyundai Ioniq together achieved sales of just 3,536 vehicles in June, down a significant 21.2 percent from the 4,487 the combo sold last month. This is the second month in a row in which Niro sales have fallen below their previous months result showing early momentum and marketing promotion have stalled. On the Ioniq front, in April sales were 1,316, May saw a nice uptick to 1,827, and now June with sales of just 1,348 vehicles which are back down to April levels. A lack of inventory for both models on dealerships lots across the country may have something to do with it? With healthy incentives on both the std. 4th gen Prius undercutting the Ioniq MSRP price advantage by thousands. Pricing may have to be adjusted accordingly. The Prius Prime's recent incentive increases are going to make it tough for both the Niro and Ioniq PHEVs when they arrive in just a matter of weeks.

    The Accord Hybrid is selling well while the hot RAV4 Hybrid appears to have topped out.

    In the Electric segment, both Volt and the Bolt moved back ahead of the Prius Prime.

    U.S. June 2017 Sales vs. June 2016 Sales Ranks and Results for the top 18 Automobile Manufacturers

    GM June 2017 Sales Down 4.7% with 243,155 Vehicles Sold
    Ford June 2017 Sales Down 5.1% with 227,979 Vehicles Sold
    Toyota June 2017 Sales Up 2.1% with 202,376 Vehicles Sold
    FCA June 2017 Sales Down 7.4% with 187,348 Vehicles Sold
    Nissan June 2017 Sales Up 2.0% with 143,328 Vehicles Sold
    Honda June 2017 Sales Up 0.8% with 139,783 Vehicles Sold
    Kia June 2017 Sales Down 10.3% with 56,143 Vehicles Sold
    Hyundai June 2017 Sales Down 19.3% with 54,507 Vehicles Sold
    Subaru June 2017 Sales Up 11.7% with 52,057 Vehicles Sold
    Mercedes-Benz June 2017 Sales Up 1.1% with 32,328 Vehicles Sold
    BMW June 2017 Sales Up 0.4% with 28,962 Vehicles Sold
    VW June 2017 Sales Up 15.0% with 27,377 Vehicles Sold
    Mazda June 2017 Sales Down 14.7% with 22,342 Vehicles Sold
    Audi June 2017 Sales Up 5.3% with 19,416 Vehicles Sold
    Jaguar/Land Rover June 2017 Sales Up 3.0% with 8,706 Vehicles Sold
    Mitsubishi June 2017 Sales Down 5.0% with 7,625 Vehicles Sold
    Volvo June 2017 Sales Down 15.0 % with 7,303 Vehicles Sold
    Porsche June 2017 Sales Up 0.8% with 4,516 Vehicles Sold

    Within the OEM ranks, Nissan is ever so slowly placing Honda in its rear view. And Kia outsold its parent Hyundai. I was not expecting to see that.

    In June 1.46 million vehicles were sold in the U.S., down 3.3 percent below the 1.51 million sold in in June of 2016.

    June's Seasonally Adjusted Annual Rate (SAAR) came in at just under 17 million.

    For the first half of 2017, U.S. YTD sales of 8.43 million were down 1.9 percent from the 8.59 million sold through the first half of 2016 YTD.

    With a record 17.49 million vehicles sold in 2016, 2017 should still be another solid year although I am predicting we will be under 17 million vehicles sold falling below both 2015 (17.45 million sold) and 2016's (17.49 million sold) if the present sales softening trend continues.

    Remember that when the U.S. economy experiences a drop in GDP no matter how slight, it is called a recession. While many OEMs are excusing the falloff on reduced rental fleet sales, the industry-wide pull-back is surely keeping board members and CEOs awake at night despite the U.S. economic fundamentals still being positive.
     
    BillLin likes this.
  2. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    [​IMG] Kia's June 2017 global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles, were down sharply as well with 232,370 vehicles sold.

    Domestic market sales decreased by 10.5 percent year-over-year, resulting in 47,015 vehicles sold, mainly due to some pulled-up demand caused by the termination of the temporary reduction in vehicle consumption tax effective end-June 2016. Overseas sales also decreased by 14 percent compared to the previous year, with 185,355 vehicles sold. The Chinese market is also unkind to the Korean automaker.

    Kia’s best-selling model in overseas markets during June 2017 was the Sportage compact SUV with 35,586 vehicles sold. The subcompact Rio (known as ‘Pride’ in Korea) was the second best seller with 24,048 vehicles sold, followed by the Cerato compact sedan (known as ‘Forte’ or ‘K3’ in some markets) with 21,477 vehicles sold.
     

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