KIA Sorento; Dedicated Discussion, Owner/ Fan Club Thread

[Nabeel_Ali]

Price will make or break sorento

[wasiqshahab94]

When does the reporting embargo end? Express has already posted a story regarding the launch of Sorento.

https://tribune.com.pk/story/2284299/new-cars-set-to-enter-auto-sector-of-pakistan

[BuzzChuzz]

Keenly waiting for the prices of Sorento to be announced by Kia Pakistan. Amongst other considerations, pricing is a fundamental factor atleast for me in deciding whether to opt for Sorento or facelifted Fortuner.

[wasiqshahab94]

Facelifted fortuner is expected to cross 1crore for top of the line version. Keep that in consideration.

[automakerz]

An extract from a Brokerage house email.

Lucky Motors entering the 7 seater segment

· In an unveiling ceremony yesterday, Kia revealed its latest SUV offering, the 7 seater Sorento. The car will be offered in three variants, 2.4LFWD, 2.4L AWD and 3.5L FWD and is expected to be commercially available from Feb’21.
· We believe introductory prices of the model might be initially at a discount against Fortuner’s price range of PkR7.7mn-9.1mn. Assuming an average price of PkR8.1mn and 3600 units sold during FY22, topline contribution will stand around PkR29.2bn and assuming an operating margin of 7.0%, operating profit will stand at PkR2.0bn (PkR4.5/sh for LUCK — 72% share).
· Automobile segment contributed 15% to the operating profit of LUCK for 1HFY21 and the situation is only expected to improve moving forward with the launch of new cars (Kia Cerato reportedly to be launched in CY21), further strengthening automobile segment’s role as a significant contributor towards LUCK’s profitability.
· With commencement of Lucky Electric Power Ltd. (LEPL) along with aforementioned factors expected to be major trigger in the medium term, we expect the stock to remain in limelight where our TP of PkR928.5/sh provides an upside of 17.2% with LUCK currently trading at EV/EBITDA of 7.3x (Ex. Portfolio value) against 8.4x of our universe.

[fazalwahab11375]

Embargo is about pictures and videos taken by content creators get together on 14th. The embargo is for them till 19th.

BTW today was dealers event about Sorento and its cancelled because dealers from Lahore could not reach because of fog and no flight. Many things will be clear tomorrow

[pwuser159259702854]

[Nabeel_Ali]

Road presence will be quite good. Looks heavy 🏼

[pwuser159259702854]

Yeah looks bigger and wider then for Fortuner
From the back it looks like a carnival 3rd gen I can’t differentiate between them without looking at the logo

[alphab]

Sorrento

Length 4,760–4,800 mm (187.4–189.0 in)
Width 1,890 mm (74.4 in)
Height 1,685 mm (66.3 in)

Fortuner

Length 4,795 mm (188.8 in)
Width 1,855 mm (73.0 in)
Height 1,835–1,850 mm (72.2–72.8 in)

[pwuser159259702854]

The height is the only thing lacking a lot in comparison and that is the main reason why it looks like a van

[hasankhurshid29]

[BuzzChuzz]

Kia just uploaded video
https://www.facebook.com/watch/?v=2574402909527193

[fazalwahab11375]

woh tu theek hay ..

BUT I dont understand why KIA is promoting a Sorento like some sort of performance vehicle/ sports car ??

[asadi13]

Is it sorento or stinger?? 🤣

[fazalwahab11375]

[BuzzChuzz]

Marketing strategy - perhaps they wish to position it so!

[mgalaxy3]

BUT I dont understand why KIA is promoting a Sorento like some sort of performance vehicle/ sports car ??

Kia logic:
Get the driver to wear a helmet, so our passenger carrier sounds like a SPORTS n Offroad vehicle!!

Also Kia Logic:
No helmet for passenger, sorry. Your life, your responsibility.

I mean.. our awaam thinks Sportage is a 'sports' car and for offroading, just because it has Sport" in its name.. and looks like an SUV..

[Nabeel_Ali]

They are promoting it as the fastest in its category.

[pwuser159259702854]

Actually doesn’t look bad if priced nicely I will definitely consider it just waiting till I can experience it myself when it hits the dealerships