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THE INVESTOR
October 14, 2019
Big Reunion

Automobiles

Sales of domestic carmakers remain sluggish

  • PUBLISHED :August 01, 2019 - 16:59
  • UPDATED :August 01, 2019 - 17:00
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Hyundai Motor said Aug. 1 its sales rose 1.6 percent last month from a year earlier on increased overseas sales. 

It sold 352,468 vehicles in July, up from 346,865 units a year earlier, the company said in a statement.  Domestic sales fell 0.1 percent to 60,286 units last month from 60,367 a year ago, while overseas sales rose 2 percent to 292,182 from 286,498 over the cited period, the statement said.
  


From January to July, sales declined 4.2 percent to 2,478,761 autos from 2,588,395 units in the same period last year.

Its smaller affiliate Kia Motors sold 225,902 vehicles in July, down from 232,182 units a year ago.

Domestic sales rose 0.2 percent on-year to 47,080 units last month from 47,000. Overseas sales declined 3.4 percent to 178,822 from 185,182 during the same period, it said.

From January to July, sales fell 2.5 percent to 1,578,531 autos from 1,618,590 during the same period last year, the statement said.

Renault Samsung Motors sold 15,874 vehicles in July, down 15 percent from 18,565 units the previous year, the company said in a statement. 

Domestic sales rose 9.3 percent to 8,308 units last month from 7,602 units a year ago. But exports plunged 31 percent to 7,566 from 10,963 during the same period, the statement said.

From January to July, its sales dropped 41 percent to 56,904 autos from 96,061 in the year-ago period, it said.

SsangYong Motor sold 10,498 vehicles in July, down 17 percent from 12,628 units a year ago.

Domestic sales declined 11 percent to 8,707 units in July from 9,823 a year earlier. Exports also plunged 33 percent to 2,079 units from 3,093 during the same period, it said.

From January to July, its sales fell 1.1 percent to 78,687 autos from 79,576 units in the year-ago period, the statement said.

GM Korea sold 31,851 vehicles in July, down from 37,046 units, or 14 percent, from the previous year.

Domestic sales plunged 25 percent to 6,754 units last month from 9,000 a year ago. Exports declined 11 percent to 25,097 from 28,046 during the same period, it said.

From January to July, the company’s sales fell 7.2 percent to 263,023 autos from 283,432 a year earlier, the statement said.

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

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