April 24, 2024

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[THE INVESTOR] Hyundai Motor said on Dec. 3 its November sales fell 4.2 percent from a year earlier on weak overseas demand.

The carmaker sold 403,381 vehicles last month, down from 421,110 units a year earlier, the company said in a statement.

Domestic sales rose 0.4 percent to 64,131 units last month from 63,895 a year ago. Overseas demand fell 5.0 percent to 339,250 from 357,215 during the same period, the carmaker said.

In the January-November period, sales climbed 1.9 percent to 4.18 million autos from 4.1 million units a year earlier.

Its smaller affiliate saw sales fall 3.8 percent from a year earlier as overseas demand for its vehicles remained weak.

Kia sold 247,115 vehicles in November, down from 257,000 units a year ago. The lower numbers were due to weak sales in China amid trade disputes between Washington and Beijing, the company said in a statement.

Domestic sales declined 0.7 percent on-year to 48,700 units last month from the previous month’s 49,027 autos. Overseas shipments were down 4.6 percent to 198,415 from 207,973 over the same period.

From January to November, sales rose 2.1 percent to 2.57 million units from 2.52 million in the year-ago period, it said.

Renault Samsung Motors said its sales fell 28 percent. It sold 18,601 vehicles last month, down from 25,759 units the previous year.

Domestic sales rose 1.3 percent to 8,407 units last month from 8,302 units a year ago. But exports plunged 42 percent to 10,194 autos from 17,457 during the same period last year, the statement said.

From January to November, total sales were down 19 percent on-year to 209,126 autos from 250,293, it said.

GM Korea’s sales fell 9.2 percent from a year earlier. It sold a total of 38,621 vehicles last month, down from 42,543 units a year earlier.

Domestic sales declined 20 percent to 8,294 units last month from 10,349 a year ago. Exports were down 5.8 percent to 30,327 from 32,194 during the same period, it said.

From January to November, sales fell 12 percent to 420,447 vehicles from 479,058 a year earlier.

SsangYong Motor’s sales rose 7.8 percent last month from a year earlier on robust domestic sales.

The automaker sold 13,030 vehicles, up from 12,082 units a year earlier, helped by strong local demand for the Rexton Sports SUV, the company said in a statement.

Domestic sales jumped 18 percent to 10,330 units in November from 8,769 a year earlier. But exports fell 14 percent to 2,844 units from 3,313 during the same period, it said.

From January through November, the maker of the flagship G4 Rexton and compact Tivoli SUVs sold a combined 127,818 vehicles, down 1.3 percent from 129,477 a year earlier, the company said.

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