April 25, 2024

• 

[THE INVESTOR] GM Korea said on Feb. 1 its January sales fell 9.5 percent from a year earlier due to weaker domestic demand.

GM Korea sold 42,401 vehicles in January, down from 46,842 units a year earlier due mainly to a lack of new models, the company said in a statement.

Domestic sales plunged 33 percent to 7,844 units last month from 11,643 a year ago. Exports fell 1.8 percent to 34,557 units from 35,199 during the same period, it said.

The sales slump was mainly affected by weaker local demand for the Cruze subcompact, midsize Malibu and flagship Impala sedan last month, the statement said.

For the whole of 2017, GM Korea saw its combined sales slump 12 percent on-year to 524,547 vehicles from 597,165 the previous year.

By Seong Seung-hyun and newswires (ssh@heraldcorp.com)