Kia Sorento and Carnival Experience Price Hike Amid Ongoing Economic Downturn
Kia Motors has recently announced a price increase for its midsize family haulers, the Sorento and Carnival, as the ongoing economic downturn and local currency depreciation take their toll. The revised prices are effective immediately, ranging from Rs. 10,400,000 to Rs. 16,750,000, with increases ranging from Rs. 360,000 to Rs. 500,000.
Here’s a table to help you understand the revised prices:
| Models | Old Price (Rs.) | Revised Price (Rs.) | Increase (Rs.) |
|---|---|---|---|
| Sorento 2.4 FWD | 10,040,000 | 10,400,000 | 360,000 |
| Sorento 2.4 AWD | 10,890,000 | 11,300,000 | 410,000 |
| Sorento 3.5 V6 FWD | 10,890,000 | 11,390,000 | 500,000 |
| Carnival 3.5 V6 FWD | 16,250,000 | 16,750,000 | 500,000 |
Although the company did not highlight any particular reason for the hike, the local currency depreciation is considered the likely cause. Kia has faced operational hurdles and economic issues in Pakistan, which have resulted in a decline in momentum and market share.
According to a recent report from autojournal.pk, the company sold only 747 locally assembled cars in March, with the Sorento being the worst-selling vehicle. However, some Kia models like Picanto and Stonic observed a healthy increase in sales, while Sportage remains the company’s best-seller.
The latest price hike is expected to worsen the situation, particularly for the Sorento. Despite the challenges, Kia remains committed to serving its customers and overcoming the obstacles that lie ahead.
If you’re in the market for a midsize family hauler, these changes in pricing may impact your purchasing decision. Be sure to do your research and consider all options before making a purchase.
