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Goes Both Ways: Free-trade pact sees South Korean brands losing share at home

France has been vocal, but not alone, in noting the rise of the South Korean automakers in Europe. The signing of a free-trade pact in 2011 between South Korea and the EU, along with the especially value-conscious buyers in a crisis-stricken Europe, has seen market share increases measuring in the double digits for Hyundai and Kia - analysts expect 14-percent growth for the two in 2012.
A report in Bloomberg has found that there's pain at the other end, too: The pact more than halved import tariffs on European cars headed to South Korea to 3.2 percent, and prices are now close enough to domestic offerings for more South Koreans to pay the premium for foreign luxury nameplates and the cachet they confer. Products sold by the five domestic automakers hogged 92 percent of the market last year, and sales have dropped 5.2 percent this year whereas import sales have risen by 24 percent. This will mark the first year that imports claimed ten percent of the market; compare that to 2002, when domestic market share in the world's 11th largest auto market was 99 percent.
The Germans are at the head of the arrow, counting for 65 percent of imported car sales, but every foreign maker has seen double-digit gains. Analysts think foreign makes could ultimately grab 15 percent of the market.

Kia reveals sketches of its millennial-bait compact crossover

Kia has made the splash we had expected back during the New York Auto Show, just now releasing sketches of its coming compact crossover. This will be the production offering based on the SP Signature concept shown at the 2018 Auto Expo in India. It has been specifically "created for the millennial generation" with a "wide range of features and technologies suited to younger buyers," and is somehow promised to offer "the space and capabilities of a traditional SUV in a compact package." The sketches look like artistic versions of the actual concept, given the usual inflations of broad beam and giant wheels. Design traits left untouched from the SP concept include narrow, LED headlights that slide into a reworked "tiger nose" grille. An LED DRL runs almost the entire width of the front fascia, interrupted only by the pinch in the center of the grille. Three-lamp fog lights replace the vertical lights on the concept. In back, LED taillights grasp a chrome accent bar with caliper-like extensions. They further accentuate the already-exaggerated width of the sketch. We have a feeling the production car's plan view will be more in line with the concept, but there will be a touch of sleekness in the raked rear glass. The carmaker also says some of the design cues will show up on other products like the Sorento and Sportage. The compact crossover will launch in South Korea and supposedly India later this year, with other markets to follow. It's won't go on sale in Europe, but a U.S.-market launch should happen with the global rollout, perhaps early next year.

Kia Niro Concept is the miniature Soul of the future

The Kia Niro Concept has officially made its Frankfurt Motor Show debut, and aside from the product specialist who would not get out of our photographer's way, this was our first in-person look at the Niro Concept, which first broke cover near the end of last month. The compact, rough-and-tumble crossover would slot in below the Soul were it to enter production, with Kia calling it a B-segment competitor.
The Niro sports neon accents, although both the trim and the actual color of the car itself are far lighter than they appeared in the original press photography. The cabin, meanwhile, looks like it was completely crafted from a single piece of rubber. We suppose that'd make it easy to clean out, sort of like a Jeep Wrangler.
Kia claims the Niro was designed "in Europe with European tastes" in mind, and that its production options will be based on the response of the general public. Take a look above for a full gallery of live photos, and then down below for the press release and images from Kia.