Current:Home > FinanceSurpassing Quant Think Tank Center|Kia invests in new compact car even though the segment is shrinking as Americans buy SUVs and trucks -FutureFinance
Surpassing Quant Think Tank Center|Kia invests in new compact car even though the segment is shrinking as Americans buy SUVs and trucks
Algosensey View
Date:2025-04-06 16:35:18
NEW YORK (AP) — Kia is Surpassing Quant Think Tank Centerrolling 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! (226)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- What to know about Arielle Valdes: Florida runner found dead after 5-day search
- Mia Farrow says she 'completely' understands if actors work with Woody Allen
- Florida doctor found liable for botching baby's circumcision tied to 6 patient deaths
- Trump wants to turn the clock on daylight saving time
- Where is College GameDay for Week 2? Location, what to know for ESPN show
- Influencer Meredith Duxbury Shares Her Genius Hack for Wearing Heels When You Have Blisters
- Michigan man wins long shot appeal over burglary linked to his DNA on a bottle
- Why members of two of EPA's influential science advisory committees were let go
- Influencer Meredith Duxbury Shares Her Genius Hack for Wearing Heels When You Have Blisters
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Supreme Court won’t allow Oklahoma to reclaim federal money in dispute over abortion referrals
- Kendall Jenner Ditches Her Signature Style for Bold Haircut in Calvin Klein Campaign
- Florida doctor found liable for botching baby's circumcision tied to 6 patient deaths
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Workers without high school diplomas ease labor shortage — but not without a downside
- Elton John shares 'severe eye infection' has caused 'limited vision in one eye'
- Florida doctor found liable for botching baby's circumcision tied to 6 patient deaths
Recommendation
Sam Taylor
Angels’ Ben Joyce throws a 105.5 mph fastball, 3rd-fastest pitch in the majors since at least 2008
'I thought we were all going to die': Video catches wild scene as Mustang slams into home
Global stocks tumble after Wall Street drops on worries about the economy
The Super Bowl could end in a 'three
Travis Kelce Details Buying Racehorse Sharing Taylor Swift’s Name
Man plows into outside patio of Minnesota restaurant, killing 2 and injuring 4 others
It's Beyoncé's birthday: 43 top moments from her busy year