April 18, 2024

• 

[THE INVESTOR] GM Korea said on March 2 that its February sales fell 19 percent from a year earlier due to weaker domestic demand.

GM Korea sold 36,725 vehicles in February, down from 45,366 units a year earlier due mainly to a lack of new models, the company said in a statement.

Domestic sales plunged 48 percent to 5,804 units last month from 11,227 a year ago. Exports backtracked 9.4 percent to 30,921 units from 34,139 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 sedans, the company’s statement said.

In the January-February period, GM Korea saw its combined sales slump 14 percent on-year to 79,126 vehicles from 92,208 tallied in the previous year.

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