Hyundai and Kia posted double-digit vehicle sales growth in September, fueled by gains in key markets such as the US and China, and they now expect to outstrip earlier sales targets for this year.
Analysts still question whether the South Korean brands have the global production capacity to maintain their growth.
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Hyundai posted a 14% rise in global sales last month from a year earlier while Kia’s sales rose 16%. Both brands outperformed the overall US market with double digit growth during September although their combined sales and market share fell from the previous month.
Hyundai and Kia posted record monthly sales in China in September, driven by sales of Hyundai’s Sonata midsize sedan and Kia’s K2 (Rio) subcompact.
