Current:Home > InvestKia invests in new compact car even though the segment is shrinking as Americans buy SUVs and trucks-DB Wealth Institute B2 Expert Reviews
Kia invests in new compact car even though the segment is shrinking as Americans buy SUVs and trucks
View Date:2024-12-23 18:33:48
NEW YORK (AP) — Kia is rolling out a revamped compact car in the U.S. even though sales of small cars are dropping as the nation continues to favor SUVs and pickup trucks.
The South Korean automaker rolled out the new K4, which replaces the Forte, at the New York International Auto Show on Wednesday. It was one of only a few new vehicle debuts at the show, continuing a trend of automakers unveiling new models largely with their own events.
The 2025 K4 is making its global debut at the show, with the company saying it’s loaded with new technology and has class-leading rear head and leg room. The car has a fastback roofline and a wide stance, splitting the difference between midsize and compact segments, Kia said.
The K4 comes with 11 standard advanced driving features including automatic emergency braking, lane-keeping assist and smart cruise control. There are two powertrain choices, the standard 2-liter, 147 horsepower four cylinder with a continuously variable transmission, or a 1.6-liter turbocharged four with 190 horsepower and an eight-speed automatic transmission.
Stephanie Brinley, an analyst with S&P Global Mobility, said U.S. compact car sales have been declining for years, but they still accounted for about 1 million in vehicle sales last year. Kia sold more than 120,000 Fortes in 2023, she said.
“It generally provides affordable, accessible transportation and contributes positively to Kia’s showroom today,” Brinley said.
Pricing and fuel economy weren’t announced. The K4 is scheduled to hit showrooms in the second half of this year.
veryGood! (1147)
Related
- Jessica Simpson’s Sister Ashlee Simpson Addresses Eric Johnson Breakup Speculation
- Ford CEO says company will rethink where it builds vehicles after last year’s autoworkers strike
- Matthew Morrison Reveals He Was Quitting Glee Before Cory Monteith's Death
- Kansas City shooting survivor says daughter saw Chiefs parade gunman firing and spinning in a circle
- ‘Emilia Pérez’ wouldn’t work without Karla Sofía Gascón. Now, she could make trans history
- How Olivia Culpo Comforted Christian McCaffrey After 49ers' Super Bowl Loss
- Mystery Behind Pregnant Stingray With No Male Companion Will Have You Hooked
- 'I can't move': Pack of dogs bites 11-year-old boy around 60 times during attack in SC: Reports
- 'Underbanked' households more likely to own crypto, FDIC report says
- Does 'Feud: Capote Vs. The Swans' ruffle enough feathers
Ranking
- Cleveland Browns’ Hakeem Adeniji Shares Stillbirth of Baby Boy Days Before Due Date
- The Excerpt podcast: At least 21 shot after Kansas City Chiefs Super Bowl parade
- Greece becomes first Orthodox Christian country to legalize same-sex civil marriage
- Scientists find water on an asteroid for the first time, a hint into how Earth formed
- 'Wanted' posters plastered around University of Rochester target Jewish faculty members
- Prabowo Subianto claims victory in Indonesia 2024 election, so who is the former army commander?
- Nordstrom Rack's Extra 40% Off Clearance Sale Has Us Sprinting Like Crazy To Fill Our Carts
- Biden protects Palestinian immigrants in the U.S. from deportation, citing Israel-Hamas war
Recommendation
-
Ben Affleck and His Son Samuel, 12, Enjoy a Rare Night Out Together
-
16-year-old boy arrested in NYC subway shooting that killed 1 and wounded 5
-
Endangered right whale floating dead off Georgia is rare species’ second fatality since January
-
Man claims $1 million lottery prize on Valentine's Day, days after break-up, he says
-
Channing Tatum Drops Shirtless Selfie After Zoë Kravitz Breakup
-
Stock market today: Asian shares track Wall Street rally as Japan’s Nikkei nears a record high
-
A loophole got him a free New York hotel stay for five years. Then he claimed to own the building
-
Utah school board seeks resignation of member who questioned athlete’s gender