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Kia Motors-March sales

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(Globalpost/GlobalPost)

SEOUL, April 1 (Yonhap) -- Kia Motors Corp., South Korea's second-biggest automaker, said Monday that its sales dipped 1.8 percent in March from a year ago due to an economic slowdown and reduced production.

Kia Motors sold 236,081 vehicles last month, compared with 240,495 units a year earlier, the company said in a statement. Still, the figure represents a 15 percent increase from 205,341 vehicles sold in February.

Its domestic sales dropped 6.1 percent on-year to 39,500 vehicles in March, with overseas sales dipping 0.9 percent on-year to 196,581 units.

For the first three months, Kia sold 702,200 units, up 1.5 percent from a year ago.

Kia has set a sales target of 2.75 million cars for this year, compared with 2.72 million units sold in 2012.

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http://www.globalpost.com/dispatch/news/yonhap-news-agency/130401/kia-motors-march-sales