DETROIT (Reuters) - U.S. March auto sales of 1.54 million, or 16.4 million on an annualized basis, blew past analysts' expectations, pushed up by strong sales in the last part of the month.
Forty analysts polled by Thomson Reuters had expected an increase in sales of 2 percent to an annualized 15.8 million Vehicles.
Kia Corp, formerly Kia Motors Corp, is a Korea-based company principally engaged in the manufacturing and distribution of automobiles. The Company's products include passenger vehicles, recreational vehicles (RVs), taxi, bus, commercial vehicles as well as hybrid vehicles under the brand names of K3, K5, K7, K9, Soul, Sedona, Sorento, Sportage and others. In addition, the Company also engaged in the manufacturing of automobile components, as well as prevision of rental and maintenance services. The Company sells its products in domestic and overseas market such as North America, Europe and other Asian countries.