[THE INVESTOR]
SsangYong Motor said on June 1 that its May sales fell 7 percent last month due to slowing overseas demand.
The Korean unit of Indian carmaker Mahindra & Mahindra sold a total of 12,349 vehicles in May, down from 13,282 units a year earlier, SsangYong said in a statement.
Domestic sales rose 11 percent to 10,238 units last month from 9,191 units a year earlier. But exports plunged 48 percent to 2,111 autos from 4,091 during the same period, the statement said.
In the January-May period, the maker of the Rexton and Tivoli SUVs sold a combined 57,648, down 4.6 percent year-on-year from 60,410 in the year-earlier period, it said.
By Alex Lee and newswires (
alexlee@heraldcorp.com)