December 2023: Kia EV9’s sales increase by over 600%

In the final month of 2023, a special domestic car model in South Korea has witnessed an impressive growth in sales. That is the Kia EV9, a large-sized electric SUV.

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Specifically, the Kia EV9 sold 2,688 units in December 2023, becoming the best-selling electric car of the month in the Korean market.

The sudden increase in Kia EV9’s sales in December may be due to Kia’s aggressive discount and promotional programs. Despite having many pre-orders before its official launch, the EV9 struggled with continuously declining sales after entering the market in June.

In detail, in June 2023, the number of Kia EV9 units sold reached 1,334, then decreased to 1,251 in July and dropped sharply to 408 units in August. Afterwards, Kia implemented attractive incentive programs and EV9’s sales gradually recovered to around 1,000 units per month but then sharply dropped to 375 units in November.

The discount level for the Kia EV9 is particularly attractive for a domestic model. Depending on the version, the discount for the EV9 can reach up to 20 million won (15,200 USD), along with additional benefits such as electric vehicle subsidies, which could push the potential discount to 26 million won (19,700 USD).

This significant incentive has reduced the starting price of the large-sized SUV, originally starting from 73.37 million won (56,000 USD), to about 50 million won (38,000 USD), quickly attracting considerable attention from consumers. As a result, the Kia EV9 achieved outstanding sales growth of 616% with 2,688 units sold in December compared to November.

Recently, the all-electric three-row SUV Kia EV9 received the “2024 North American Utility Vehicle of the Year” award, a prestigious accolade, often referred to as the Oscars for cars. NACTOY, the North American Car, Truck, and Utility Vehicle of the Year, is a renowned award.

Trang Nguyen (Forum.autodaily.vn)

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