The downfall of KIA Lucky Motor Corporation (KLMC) is becoming evident because of its dropping sales. In November 2022, KLMC sold just over 290 units, down over 460 units or 61% from the month before, according to a recent report from Autojournal. pk.
The firm offers immediate delivery of its automobiles and booking with a price lock, according to the article. Additionally, it states that despite having more than a thousand automobiles in its inventory, KLMC isn’t performing well in terms of sales.
The closure of one of KLMC’s dealerships in Karachi was announced last week. As on January 1, 2023, Kia Motors Shahrah-e-Faisal will no longer be operated by the firm.
The firm made it clear in a formal release that the lease agreement with the landlord had to expire and couldn’t be renewed, which was the only reason for the closure of the Kia Motors Shahrah-e-Faisal showroom.
Customers who made car reservations at the dealership will pick up their automobiles from Kia Motors Lucky One, a different company-run dealership in Karachi that is situated in the Lucky One Mall.