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KIA Sales in UAE Rise 43.8% in February 2006 - Al Majid Motors Co. (Member of Juma Al Majid Group), the sole distributor for Kia vehicles in the UAE announced today the year-on-year retail sales increase of 43.8%, for the month of February 2006
KIA Sales in UAE Rise 43.8% in February 2006

 

PRZOOM - /newswire/ - Dubai, UAE, United Arab Emirates, 2006/03/01 - Al Majid Motors Co. (Member of Juma Al Majid Group), the sole distributor for Kia vehicles in the UAE announced today the year-on-year retail sales increase of 43.8%, for the month of February 2006.

   
 
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By segment, the Passenger Cars sales for Al Majid Motors Co. over this period have increased 45.9% while recreational vehicles (RV) sales increased (4WD & Family Vans) 105.1%.

The continued strong sales of the popular Sportage compact SUV along with other stellar sellers including the recently launched all-new B-segment Rio sedan along with hatchback and the C-segment Cerato all together contributed 50.7% of the total sales which helped Al Majid Motors Co. to attain this robust performance in February 2006. The sales of passenger cars contributed 62.8% of the total sales and recreational vehicles and light commercial vehicles contributed 41.4% and 9.5% respectively during this period.

“We have been registering a steady monthly retail sales increase since February 2005 and we are confident that this momentum will go further with the expected launch of the all new family van Carnival and the D-segment Optima within this month”, said Mr. Samir Tayeh, General Manager of Al Majid Motors Co.

“This steady growth is a clear evident that the Kia brand is rapidly gaining recognition in the UAE as not just a maker of small compact passenger vehicles, but rather as a trusted manufacturer of a complete vehicle line-up, from the entry-level sub-compact vehicle to highly competitive recreational vehicles”, he added.

Kia Motors Corporation -- one of the fastest growing automakers in the world -- was founded in 1944 and is Korea’s oldest manufacturer of motor vehicles. As part of the Hyundai-Kia Automotive Group, Kia aims to become one of the world’s premier automotive brands. Kia’s 12 manufacturing and assembly operations in 7 countries produce more than 1.1 million vehicles a year that are sold and serviced through a network of distributors and dealers covering 160 countries. Kia today has over 32,500 employees and annual revenues of over $15 billion. It is the major sponsor of the Australian Tennis Open and an official worldwide sponsor of the Davis Cup. From 2007 to 2014, Kia will be an official automotive partner of FIFA -- the governing body of the FIFA World Cup. Kia Motors Corporation’s brand slogan -- “The Power to Surprise” -- represents the company’s global commitment to surpassing customer expectations through continuous automotive innovation.

Al Majid Motors Co. is the sole distributor for Kia vehicles in the UAE. AMMC is a member of Juma Al Majid Group, one of the most reputed business groups in the Arabian Gulf. AMMC currently sells Kia vehicles in UAE through a network of 7 showrooms, 2 dealers and 3 more new showrooms expected to be added soon. AMMC currently have 5.8% market share in the UAE. To attend the ever growing KIA customers in UAE, AMMC has a total fleet of 12 service centres and 15 parts centres. Al Majid Motors Co is celebrating its 17th year of operation in UAE.

 
 
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Agency / Source: Al Majid Motors Co. (KIA)

 
 

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KIA Sales in UAE Rise 43.8% in February 2006

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Contact: Premodu Abraham - Kia-UAE.com 
+971 4 2695600 abraham[.]kia-uae.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Al Majid Motors Co. (KIA) securities in any jurisdiction including any other companies listed or named in this release.

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