Stoic Stonic: Kia upbeat on compact SUV prospects
The Stonic is the 11th model in the Kia line-up in the Philippines which will be made available to dealers starting October 15, 2020. During a virtual briefing, Kia Philippines president Manny Aligada said the company still keeps the forecast of 4,000-units sales for the brand. “If we look at the sales trajectory, May till July were very positive. it was only in August that the industry felt a bit down but given the recovery we felt, we’re keeping our initial forecast of 4,000 units this 2020,” he said. He noted that the automotive market, while among those industries sustaining severe damage to sales and operation, continues to be aggressive in its approach to recover what was lost during the onset of the virus pandemic. “In this new stage of quarantine level, we are expecting that people will be more relaxed. The need for mobility, may not be paramount, but people will be moving about more freely. Thus, we expect sales to recover again starting In September towards the end of the year,” he said.