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:2024-12-24 00:40:01
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! (91815)
Related
- Residents urged to shelter in place after apparent explosion at Louisville business
- What happens to Donald Trump’s criminal conviction? Here are a few ways it could go
- Summer I Turned Pretty's Gavin Casalegno Marries Girlfriend Cheyanne Casalegno
- When is 'The Golden Bachelorette' finale? Date, time, where to watch Joan Vassos' big decision
- Judith Jamison, a dancer both eloquent and elegant, led Ailey troupe to success over two decades
- Denver district attorney is investigating the leak of voting passwords in Colorado
- 'I know how to do math': New Red Lobster CEO says endless shrimp deal is not coming back
- Democrat George Whitesides wins election to US House, beating incumbent Mike Garcia
- Northern Taurid meteor shower hits peak activity this week: When and where to watch
- Pennsylvania House Republicans pick new floor leader after failing to regain majority
Ranking
- Bev Priestman fired as Canada women’s soccer coach after review of Olympic drone scandal
- Dallas Long, who won 2 Olympic medals while dominating the shot put in the 1960s, has died at 84
- The Bachelorette's Desiree Hartsock Gives Birth, Welcomes Baby No. 3 With Chris Siegfried
- Mike Tyson vs. Jake Paul fight odds will shift the longer the heavyweight bout goes
- The boy was found in a ditch in Wisconsin in 1959. He was identified 65 years later.
- Denzel Washington Will Star in Black Panther 3 Before Retirement
- Gossip Girl Actress Chanel Banks Reported Missing After Vanishing in California
- Mariah Carey's Amazon Holiday Merch Is All I Want for Christmas—and It's Selling Out Fast!
Recommendation
-
Fantasy football Week 11: Trade value chart and rest of season rankings
-
Shawn Mendes quest for self-discovery is a quiet triumph: Best songs on 'Shawn' album
-
As CFP rankings punish SEC teams, do we smell bias against this proud and mighty league?
-
'Underbanked' households more likely to own crypto, FDIC report says
-
Man accused of killing American tourist in Budapest, putting her body in suitcase: Police
-
College Football Playoff bracket: Complete playoff picture after latest rankings
-
John Krasinski named People's Sexiest Man Alive for 2024
-
Women’s baseball players could soon have a league of their own again