KIA ANNOUNCES BEST MONTHLY SALES IN COMPANY HISTORY

Spectra and Sorento Hit Record Sales

IRVINE, Calif., September 3, 2003 – Kia today announced its best sales month ever in the company’s history with 24,758 units sold during August. Sales for August were up 5.1 percent versus the same period last year putting Kia in position to achieve its 10th consecutive annual sales record by the end of the year.

The popular Spectra compact sedan and the hot-selling Sorento midsize SUV enjoyed their second best sales months ever with 8,523 and 4,149 units sold respectively.

“This is a great day in Kia history as we celebrate our best sales month ever and look forward to finishing our strongest year yet,” said Peter M. Butterfield, Kia’s president and chief executive officer. “Educated shoppers are recognizing the exceptional value that Kia vehicles provide and are embracing the brand as a smart buy.”

MONTH OF AUGUST
YEAR-TO-DATE
Model
2003
2002 2003 2002
Optima
3,089
1,390 22,071 21,221
Rio
3,677
7,177 26,154 35,404
Sedona
5,251
4,826 36,768 28,886
Spectra
8,523
5,845 50,043 54,898
Sportage
69
4,326 5,477 27,431
Sorento
4,149
n/a 27,760 n/a
Total
24,758
23,564 168,273 167,840

Kia Motors America is the U.S. sales, marketing and service arm of Kia Motors Corp. in Seoul, South Korea.

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