Kia

Inventory Takes a Seasonal Dip, Expected to Return to Growth Pattern

Retrieved on: 
Thursday, February 8, 2024

GRAND RAPIDS, Mich., Feb. 8, 2024 /PRNewswire/ -- Cloud Theory, the real-time automotive data insights provider for automotive manufacturers, agencies, and affiliates, is reporting in this month's "On the Horizon," that new vehicle inventory took a step back from its ongoing recovery, dropping from 2.64M in December to 2.53M in January. This interrupts an 11-month run of growth, during which counts grew by more than 1 million. Since inventory also declined in January 2023 amid its long-term revival, this points to a seasonal dip rather than a shift in the longer-term market trajectory.

Key Points: 
  • This interrupts an 11-month run of growth, during which counts grew by more than 1 million.
  • Since inventory also declined in January 2023 amid its long-term revival, this points to a seasonal dip rather than a shift in the longer-term market trajectory.
  • Cloud Theory's proprietary Inventory Efficiency Index reflects the post-holiday decline for luxury OEMs, with Lexus, Land Rover, and BMW dropping substantially in score and at least one rank.
  • To see more trends and forecasts on inventory, movement, segment trends, and inventory efficiency, download a copy of the February 2024 On the Horizon report here.

USA TODAY’s 36th Ad Meter Competition Opens

Retrieved on: 
Wednesday, February 7, 2024

USA TODAY , part of Gannett Co., Inc. (NYSE: GCI), officially launched the 36th annual Ad Meter competition, the industry’s leading opinion tool for gauging public sentiment around Super Bowl commercials.

Key Points: 
  • USA TODAY , part of Gannett Co., Inc. (NYSE: GCI), officially launched the 36th annual Ad Meter competition, the industry’s leading opinion tool for gauging public sentiment around Super Bowl commercials.
  • Since 1989, USA TODAY Ad Meter continues to have significant impact across the advertising landscape, recognizing the intersection of sports, entertainment and pop culture on Super Bowl Sunday.
  • Kia and State Farm are associate sponsors of the 2024 Ad Meter competition.
  • “It’s exciting to continue to experience the monumental significance of USA TODAY Ad Meter across the Super Bowl commercial landscape,” said Kelly Andresen, President of USA TODAY National Sales at Gannett.

KIA TELLURIDE NAMED 'BEST FAMILY CAR OF 2024' BY CARS.COM

Retrieved on: 
Wednesday, February 7, 2024

IRVINE, Calif., Feb. 7, 2024 /PRNewswire/ -- The 2024 Kia Telluride was named Cars.com's Best Family Car of 2024. The Telluride was also a finalist for the Best SUV of 2024 category alongside the 2024 Kia Sorento. The 2024 Kia Seltos was a finalist for Best Car of 2024, the outlet's top category.

Key Points: 
  • IRVINE, Calif., Feb. 7, 2024 /PRNewswire/ -- The 2024 Kia Telluride was named Cars.com's Best Family Car of 2024 .
  • "We are honored to receive Cars.com's Best Family Car of 2024 award for the rugged and capable 2024 Kia Telluride," said Steven Center, COO & EVP, Kia America.
  • The six different categories include: Best Car, Best SUV, Best Pickup Truck, Best Family Car, Best Luxury Car and Best Electric Vehicle.
  • The Best Family Car is evaluated based on crash tests, safety features and accommodation of family members and their gear, alongside family-friendly amenities.

Cars.com Reveals 2024 Best Of Awards: Budget-Friendly Chevrolet Trax Takes Top Spot as Best Car of the Year

Retrieved on: 
Wednesday, February 7, 2024

CHICAGO, Feb. 7, 2024 /PRNewswire/ -- Car-shopping marketplace Cars.com® (NYSE: CARS) today announced the winners of its annual Best Of Awards, which recognize the top vehicles in six categories: Best Family Car, Best Luxury Car, Best SUV, Best Electric Vehicle, Best Pickup Truck and the highest honor: Best Car of the Year. This year, Chevrolet's 2024 Trax earned the coveted Best Car of 2024 honor.

Key Points: 
  • CHICAGO, Feb. 7, 2024 /PRNewswire/ -- Car-shopping marketplace Cars.com® (NYSE: CARS) today announced the winners of its annual Best Of Awards , which recognize the top vehicles in six categories: Best Family Car, Best Luxury Car, Best SUV, Best Electric Vehicle, Best Pickup Truck and the highest honor: Best Car of the Year.
  • This year, Chevrolet's 2024 Trax earned the coveted Best Car of 2024 honor.
  • The Cars.com's marketplace Best Of Awards program includes six different categories: Best Car, Best Pickup Truck, Best Electric Vehicle, Best SUV, Best Luxury Car and Best Family Car.
  • To find out more about the Chevrolet Trax, why it's named Cars.com's Best Car of 2024 and to see other winners, visit Cars.com/Awards.

Kia welcomes credit rating upgrade to A3 by Moody's Investors Service

Retrieved on: 
Tuesday, February 6, 2024

SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Kia Corporation today welcomed Moody's Investors Service (Moody's) upgrade of the company's corporate rating to A3 with a stable outlook from a previous rating of Baa1 with a positive outlook.

Key Points: 
  • SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Kia Corporation today welcomed Moody's Investors Service (Moody's) upgrade of the company's corporate rating to A3 with a stable outlook from a previous rating of Baa1 with a positive outlook.
  • According to the report from Moody's, the rating upgrade reflects Kia's continued profitability and balance sheet improvements, underpinned by the company's strengthened product competitiveness and strong free cash flow generation.
  • "Kia has achieved substantial improvements in profitability through strengthened product and cost competitiveness by securing investment efficiency," said Woo Jeong Joo, Executive Vice President and CFO of Kia Corporation.
  • In the meantime, Hyundai Motor Company and Hyundai Mobis also received an upgrade of the companies' corporate rating from Baa1 with a positive outlook to A3 with a stable outlook.

Kia welcomes credit rating upgrade to A3 by Moody's Investors Service

Retrieved on: 
Tuesday, February 6, 2024

SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Kia Corporation today welcomed Moody's Investors Service (Moody's) upgrade of the company's corporate rating to A3 with a stable outlook from a previous rating of Baa1 with a positive outlook.

Key Points: 
  • SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Kia Corporation today welcomed Moody's Investors Service (Moody's) upgrade of the company's corporate rating to A3 with a stable outlook from a previous rating of Baa1 with a positive outlook.
  • According to the report from Moody's, the rating upgrade reflects Kia's continued profitability and balance sheet improvements, underpinned by the company's strengthened product competitiveness and strong free cash flow generation.
  • "Kia has achieved substantial improvements in profitability through strengthened product and cost competitiveness by securing investment efficiency," said Woo Jeong Joo, Executive Vice President and CFO of Kia Corporation.
  • In the meantime, Hyundai Motor Company and Hyundai Mobis also received an upgrade of the companies' corporate rating from Baa1 with a positive outlook to A3 with a stable outlook.

The Unforgettable Moments of the 2024 Washington, D.C. Auto Show

Retrieved on: 
Wednesday, January 31, 2024

U.S. News & World Report also presented their annual "Best Cars for the Money" awards during the Public Policy Day.

Key Points: 
  • U.S. News & World Report also presented their annual "Best Cars for the Money" awards during the Public Policy Day.
  • Opening its doors to consumers on Friday, January 19, the auto show drew large crowds over the 10-day event.
  • “Right here, at the DC Auto Show.” The highly anticipated Cybertruck and the recently unveiled Model 3 were undeniable crowd-pleasers.
  • With the participation of new and highly-sought after brands, the DC Auto Show team is hopeful that 2024 marks the beginning of auto shows once again showcasing all automotive manufacturers.

2024 KIA EV9 WINS 2024 WOMEN'S WORLDWIDE CAR OF THE YEAR AWARD FOR SUVS

Retrieved on: 
Friday, February 2, 2024

"We are immensely proud of the EV9's triumph in the Women's Worldwide Car of the Year awards," said Steven Center, COO & EVP, Kia America.

Key Points: 
  • "We are immensely proud of the EV9's triumph in the Women's Worldwide Car of the Year awards," said Steven Center, COO & EVP, Kia America.
  • This award is a motivating force for Kia to continue pushing boundaries and exceeding expectations."
  • The Kia EV9 impressed the jurors on several levels, including its spacious interior for up to seven passengers.
  • Created in 2009, the Women's Worldwide Car of the Year is comprised exclusively of women, with 75 journalists spanning 52 countries.

KIA AMERICA DROPS 15-SECOND PREVIEW OF "BIG GAME" SPOT

Retrieved on: 
Friday, February 2, 2024

IRVINE, Calif., Feb. 2, 2024 /PRNewswire/ -- Kia America has released a :15-second look at the brand's upcoming "Big Game" ad featuring the all-new 2024 Kia EV9 three-row EV SUV and a determined young figure skater.

Key Points: 
  • IRVINE, Calif., Feb. 2, 2024 /PRNewswire/ -- Kia America has released a :15-second look at the brand's upcoming "Big Game" ad featuring the all-new 2024 Kia EV9 three-row EV SUV and a determined young figure skater.
  • The 60-second spot, scheduled to air during the fourth quarter of Super Bowl LVIII, is the centerpiece of an integrated marketing campaign launching Kia's new flagship vehicle.
  • Designed to be a mobile power source, the all-electric Kia EV9 was recently named 2024 North American Utility Vehicle of the Year™ by the North American Car of the Year (NACTOY) jury.
  • Headquartered in Irvine, California, Kia America continues to top automotive quality surveys.

Car Pros Automotive Group Achieved Record Breaking Year in 2023

Retrieved on: 
Wednesday, January 31, 2024

RENTON, Wash., Jan. 31, 2024 /PRNewswire-PRWeb/ -- Car Pros Automotive Group, a leading automotive sales and service group, announced today that 2023 was its best year ever in new Kia sales, setting a record and selling a total of 15,595 vehicles, up nearly 10% year-over-year. Car Pros Kia Glendale finished #1 in the nation with 6,549 new Kias sold. Underscoring the strength of the group, all five Car Pros Kia dealerships delivered record new Kia sales in 2023. Additionally, Car Pros retailed 1,463 new Kia EVs, more than 6% of the national total, and ranked in four of the top five spots nationally, with Car Pros Kia Glendale taking the top spot for Kia EV sales in the nation.

Key Points: 
  • Car Pros new Kia sales reached 15,595 in 2023, bringing lifetime sales to 177,418; Car Pros Kia Glendale #1 in the nation
    RENTON, Wash., Jan. 31, 2024 /PRNewswire-PRWeb/ -- Car Pros Automotive Group, a leading automotive sales and service group, announced today that 2023 was its best year ever in new Kia sales, setting a record and selling a total of 15,595 vehicles, up nearly 10% year-over-year.
  • Underscoring the strength of the group, all five Car Pros Kia dealerships delivered record new Kia sales in 2023.
  • I am so proud of the Car Pros team, whose dedication to customer service and operational excellence has been instrumental in achieving this success," said Matthew Phillips, CEO of Car Pros Automotive Group.
  • 2023 was an outstanding year for Car Pros Automotive Group as a whole, which achieved record sales of more than $1,126 billion, up from $1,031 billion in 2022.