{"id":79223,"date":"2024-01-14T10:11:04","date_gmt":"2024-01-14T10:11:04","guid":{"rendered":"https:\/\/carspiritpk.com\/?p=79223"},"modified":"2024-01-14T10:11:04","modified_gmt":"2024-01-14T10:11:04","slug":"2023-lmc-witnesses-a-massive-decline-in-kia-and-peugeot-sales","status":"publish","type":"post","link":"https:\/\/carspiritpk.com\/2023-lmc-witnesses-a-massive-decline-in-kia-and-peugeot-sales\/","title":{"rendered":"2023: LMC Witnesses a Massive Decline in Kia and Peugeot Sales"},"content":{"rendered":"<p>Like most other assemblers, LMC (Lucky Motor Company) also had quite a disappointing experience in 2023 suffering from dismal sales numbers.<\/p><div class=\"carsp-in-article\" style=\"margin-left: auto; margin-right: auto; text-align: center; margin-top: 10px; margin-bottom: 10px; clear: both; \" id=\"carsp-115650506\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3921992284533937\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-3921992284533937\" \ndata-ad-slot=\"2279435244\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div>\n<p><em><strong>Related: <a href=\"https:\/\/carspiritpk.com\/hyundai-sales-declined-by-34-in-2023\/\" rel=\"bookmark\">Hyundai Sales Declined by 34% in 2023<\/a><\/strong><\/em><\/p>\n<p>While stats of PAMA member companies are officially shared by the Pakistan Automobile Manufacturers Association, data for non-PAMA member companies including Changan, Kia, Peugeot, DFSK, United, MG, and Proton is generally unavailable. But thanks to <a href=\"https:\/\/www.facebook.com\/photo\/?fbid=743517174466317&amp;set=a.543239951160708\" target=\"_blank\" rel=\"noopener\"><em>Auto Journal<\/em> <\/a>we now have the data for <strong>Kia<\/strong> and <strong>Peugeot<\/strong> cars, both of which are assembled in Pakistan by LMC.<\/p>\n<p><img decoding=\"async\" class=\"size-medium wp-image-48082 aligncenter\" title=\"Sorento white\" src=\"https:\/\/carspiritpk.com\/wp-content\/uploads\/Sorento-white-850x478.jpg\" alt=\"Sorento white\" width=\"850\" height=\"478\" srcset=\"https:\/\/carspiritpk.com\/wp-content\/uploads\/Sorento-white-850x478.jpg 850w, https:\/\/carspiritpk.com\/wp-content\/uploads\/Sorento-white-1200x675.jpg 1200w, https:\/\/carspiritpk.com\/wp-content\/uploads\/Sorento-white-250x141.jpg 250w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><\/p>\n<p>According to the data, the <strong>Sorento<\/strong> was the slowest-selling vehicle in Kia&#8217;s lineup with just <strong>509 units<\/strong> sold throughout the calendar year 2023, for a dismal monthly sales average of around 42 units. This is also 70% less than the 1,682 units of <strong>Kia Sorento<\/strong> sold a year earlier in 2022. The <strong>Stonic<\/strong> was another model that was unable to surpass the 1,000 units mark in the year. Only <strong>816 units<\/strong> of <strong>Kia Stonic<\/strong> were sold in 2023 versus 1,701 units sold in 2022 rendering a 52% decline in sales. The monthly sales average turns out to be just 68 units.<\/p>\n<p><img decoding=\"async\" class=\"size-medium wp-image-50883 aligncenter\" title=\"Stonic white\" src=\"https:\/\/carspiritpk.com\/wp-content\/uploads\/Stonic-white--850x478.jpg\" alt=\"Stonic white\" width=\"850\" height=\"478\" srcset=\"https:\/\/carspiritpk.com\/wp-content\/uploads\/Stonic-white--850x478.jpg 850w, https:\/\/carspiritpk.com\/wp-content\/uploads\/Stonic-white--1200x675.jpg 1200w, https:\/\/carspiritpk.com\/wp-content\/uploads\/Stonic-white--250x141.jpg 250w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><\/p>\n<p><strong>Kia Picanto<\/strong> saw <strong>1,929 units<\/strong> sold in 2023 compared to 4,498 in 2022 resulting in a 57% decline in sales. The monthly sales average of Picanto dangles around 160 units. <strong>Kia Sportage<\/strong> continues to be the highest-selling model in the lineup, and it has been like this ever since the vehicle was introduced by LMC in 2019. According to the data, <strong>3,252 units<\/strong> of <strong>Sportage<\/strong> were sold in 2023 compared to 7,630 units in 2022 showing a decline of 52%. Sportage&#8217;s current monthly sales average is 271 units.<\/p><div class=\"carsp-content\" style=\"margin-left: auto; margin-right: auto; text-align: center; margin-top: 10px; margin-bottom: 10px; clear: both; \" id=\"carsp-104067059\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3921992284533937\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-3921992284533937\" \ndata-ad-slot=\"2279435244\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div>\n<p><img decoding=\"async\" class=\"size-medium wp-image-38513 aligncenter\" title=\"Sportage_white\" src=\"https:\/\/carspiritpk.com\/wp-content\/uploads\/2021\/02\/Sportage_white-850x478.jpg\" alt=\"\" width=\"850\" height=\"478\" srcset=\"https:\/\/carspiritpk.com\/wp-content\/uploads\/2021\/02\/Sportage_white-850x478.jpg 850w, https:\/\/carspiritpk.com\/wp-content\/uploads\/2021\/02\/Sportage_white-1200x675.jpg 1200w, https:\/\/carspiritpk.com\/wp-content\/uploads\/2021\/02\/Sportage_white-250x141.jpg 250w, https:\/\/carspiritpk.com\/wp-content\/uploads\/2021\/02\/Sportage_white-150x84.jpg 150w, https:\/\/carspiritpk.com\/wp-content\/uploads\/2021\/02\/Sportage_white.jpg 1024w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><\/p>\n<p>Overall, LMC sold just <strong>6,506 units<\/strong> of Kia cars in Pakistan in calendar year 2023 versus 15,511 units sold a year earlier in 2022. This renders a 58% plunge in sales. LMC also assembles the <strong>Peugeot 2008<\/strong> being the only model under the French brand&#8217;s umbrella. Exactly <strong>1,000 units<\/strong> of Peugeot 2008 were sold in comparison with 1,590 units sold a year earlier for a 37% decline in sales. Overall, Peugeot 2008 sales were less impacted than Kia&#8217;s, which had its numbers reduced in half.<\/p>\n<div class=\"carsp-after-content\" style=\"margin-left: auto; margin-right: auto; text-align: center; margin-top: 10px; margin-bottom: 10px; clear: both; \" id=\"carsp-707361808\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3921992284533937\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-3921992284533937\" \ndata-ad-slot=\"4734905637\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Like most other assemblers, LMC (Lucky Motor Company) also had quite a disappointing experience in 2023 suffering from dismal sales &hellip; <\/p>\n","protected":false},"author":1,"featured_media":79232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[7,3],"tags":[20,1273,2808,488],"class_list":["post-79223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-pakistan","tag-kia","tag-kia-lucky","tag-lmc","tag-peugeot"],"_links":{"self":[{"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/posts\/79223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/comments?post=79223"}],"version-history":[{"count":0,"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/posts\/79223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/media\/79232"}],"wp:attachment":[{"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/media?parent=79223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/categories?post=79223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/tags?post=79223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}