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THE INVESTOR
September 19, 2019
Big Reunion

Automobiles

Domestic carmakers see sharp fall in sales in June

  • PUBLISHED :July 01, 2019 - 16:08
  • UPDATED :July 01, 2019 - 16:08
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All the five domestic carmakers in South Korea suffered a sharp fall in sales in June, according to the latest data on July 1.

Hyundai Motor said its sales fell 8.3 percent last month from a year earlier on weak overseas demand. It sold 378,714 vehicles in June, down from 412,852 units a year earlier.


Domestic sales rose 2.5 percent to 60,987 units last month from 59,494 a year ago, while overseas sales fell 10 percent to 317,727 from 353,358 over the cited period, the statement said.

From January to June, sales declined 5.1 percent to 2,127,611 autos from 2,241,530 units in the same period the previous year, the statement said.

Its sister affiliate Kia Motors said its sales fell 6.2 percent on year. It sold 236,229 vehicles in June, down from 251,856 units a year ago due to a lack of competitive new models, the company said in a statement.

Domestic sales declined 7.8 percent on-year to 42,405 units last month from 46,000. Overseas sales were down 5.8 percent to 193,824 from 205,856 during the same period on lower demand from China, it said.

From January to June, sales fell 2.4 percent to 1,353,011 autos from 1,386,408 during the same period last year, the statement said.

GM Korea saw its sales fell 22 percent last month from a year earlier on lower demand for its vehicles.  

The carmaker sold 36,451 vehicles in June, down from 46,546 units the previous year, due to sharp declines in the popularity of models such as the Impala sedan and the Equinox sport utility vehicle, the company said in a statement.

Domestic sales plunged 39 percent to 5,788 units last month from 9,529 a year ago. Exports declined 17 percent to 30,663 from 37,017 during the same period, it said.

From January to June, the company’s sales fell 6.2 percent to 231,172 vehicles from 246,386 in the same period a year earlier, the statement said.
Renault Samsung Motors’ sales fell 15 percent last month from a year earlier on weaker exports.

The firm sold 18,686 vehicles in June, down from 21,921 units the previous year, the company said in a statement.

Domestic sales rose 6.2 percent to 7,564 units last month from 7,120 units a year ago. But exports plunged 25 percent to 11,122 from 14,801 during the same period, the statement said.

From January to June, its sales dropped 32 percent to 85,844 autos from 126,018 in the year-ago period, it said.

SsangYong Motor’s sales fell 18 percent last month from a year earlier on weak demand for its models.

It sold 10,159 vehicles in June, down from 12,434 units a year ago, due to weak sales of the Tivoli and G4 Rexton SUVs, the company said in a statement.

Domestic sales declined 15 percent to 8,219 units in June from 9,684 a year earlier. Exports also plunged 26 percent to 2,156 units from 2,894 during the same period, it said.

From January to June, its sales rose 1.9 percent to 68,189 autos from 66,948 units in the year-ago period, helped by robust sales of the Korando SUV, which was launched in January. 

By Ram Garikipati and newswires (ram@heraldcorp.com)

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