Hyundai, Kia to export 2 million cars in 2011

Hyundai Motor Company and its affiliate Kia Motors are well on track to see their exports rise above 2 million units in one year alone!

Both South Korean carmakers have experienced a high demand for their new vehicles. Sales are up, compared to a year ago and if the current trend of rising sales continues, Kia and Hyundai will export more than 2 million vehicles in one year for the first time.

Through August this year, the top two automakers in Korea have exported a total of 1.44 million new vehicles to worldwide. This is more than 13 percent increase compared to a year ago. Their outbound shipment value jumped 30 percent to $20.6 billion over the same period, revealed KAMA. Last year, Hyundai and Kia exported a total of 1.99 million units worth $25.3 billion.

The sharp increase in sales in overseas markets such as Europe, China, Russia and USA is attributed to increased demand for Hyundai's new Sonata and Elantra sedans, which were the top-selling Hyundai nameplates in the States for the last couple of months.

On the other hand, Kia increased its sales of new Sorento crossover and reports high interest in the up-coming Kia Rio and revised Soul crossover. Read more about Hyundai sales projections here...