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The Korea Herald
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THE INVESTOR
March 29, 2024

Automobiles

GM Korea’s sales fall 5% in May

  • PUBLISHED :June 01, 2018 - 15:39
  • UPDATED :June 01, 2018 - 15:39
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[THE INVESTOR] GM Korea said on June 1 its May sales fell 5.1 percent from a year earlier due to weaker domestic demand.

The firm sold 40,879 vehicles last month, down from 43,085 units a year earlier, mainly because of a sharp decline in domestic sales, the company said in a statement.

Domestic sales plunged 35 percent to 7,670 units last month from 11,854 a year ago. Exports rose 6.3 percent to 33,209 units from 31,231 during the same period, it said.

The sales slump was mainly affected by weaker local demand for the Cruze subcompact and midsize Malibu sedans, the statement said.

In the January-May period, GM Korea saw its combined sales plunge 15 percent to 199,840 vehicles from 235,306 units a year earlier, it said.

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

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