Kia Motors Corp. reported vehicle sales results for the month of April 2013. The company’s sales increased by 1.4% year-on-year to 40,554 units.

Kia Motors Corp. announced earnings results for the first quarter ended March 31, 2013. For the quarter, the company's net profit fell 34.7% year-on-year in the first quarter ended March 31, 2013. The OEM registered a profit of KRW 783.93 billion (USD 703.58 million) during the January-March period, down from KRW 1.201 trillion in the same period of 2012. Operating profit fell by 35.1% year ove year to KRW 704.16 billion. Sales revenue during the period fell by 6.0% year over year to KRW 11.085 trillion, compared with KRW 11.79 trillion in the first quarter of 2012. A strengthening won and production losses on account of the automaker's ongoing dispute with its union over the issue of weekend wages under new production schedules hurt profitability in the period despite a rise in sales. The company sold 653,361 vehicles in the quarter, up 2.7% year over year. The company provided sales guidance for the year 2013. For the year, the company maintains cautious expectations for 2013 and will focus on improving brand value and profitability. The company plans to sell 2.75 million units this year, up 1.5% year over year. The company expects its domestic sales to stay flat at 480,000 units, while overseas sales are expected to total 2.27 million units.

Kia Motors Corp., Q1 2013 Earnings Call, Apr 26, 2013