Korean manufacturer raises its UK prices in response to weak pound
25 March 2009

Kia Motors has joined Ford in increasing prices across its UK range.

The newest models in Kia’s range – the Soul and heavily facelifted Magentis – will be exempt from the rise of roughly three per cent.

The changes mean a basic Kia Picanto will cost around £6175, nudging it over the £6k barrier for the first time, while a top-spec Kia Cee’d 2.0 CRDi Sport by about £500 to around £16k.

Kia has described the price increases, which will be effective from 1 April, as a reaction to the weakness of the pound and the strength of the euro and the dollar.

Managing director of Kia Motors (UK), Paul Philpott, said: “We have held off on an increase for as long as possible and did not make any pricing changes during the first quarter. The increase we are making now will be kept to an absolute minimum and still maintains Kia’s competitive position in the market.”

Matt Rigby

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