KIA increased sales of cars on credit by 3% in 2019

The share of sales using KIA Finance loan offers in December reached more than 37% of KIA car retail sales. At the end of 2019, more than 75 thousand customers (+ 3%) took advantage of the offers of KIA Finance and partner banks, the press service of the Korean brand informed. Within KIA Finance, the most popular model is KIA Rio, which has about 41% of the total number of loan agreements.

As AUTOSTAT previously reported, in 2019, Russian KIA dealers sold 225,901 cars, which is 1% lower than a year before. As a result, KIA keeps the leadership among foreign car manufacturers in Russia, and the brand’s market share was 12.8% in compare with 12.6% of a year before, according to AEB.