April 20, 2024

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Hyundai Motor said Dec. 2 its sales fell 2.8 percent last month from a year earlier due to weak demand at home and abroad.

The company sold 392,247 vehicles in November, down from 403,368 units a year earlier, the company said in a statement.

Domestic sales declined 1.5 percent to 63,160 units last month from 64,131 a year ago, while overseas sales were down 3 percent to 329,087 from 339,237 over the cited period.

From January to November, sales declined 3.6 percent to 4,024,628 autos from 4,176,449 units in the year-ago period, the statement said.

Its affiliate Kia Motors saw sales rise 0.8 percent. It sold 248,942 vehicles in November, up from 246,942 units a year ago.

Domestic sales fell 0.2 percent on-year to 48,615 units from 48,700. Overseas sales climbed 1.1 percent to 200,327 vehicles from 198,242 during the same period, it said.

From January to November, sales were down 1.1 percent to 2,543,237 from 2,571,001 during the same period of last year, the statement said.

SsangYong Motor’s sales fell 18 percent. It sold 10,754 vehicles in November, down from 13,030 units a year ago.

Domestic sales declined 11 percent to 9,240 units last month from 10,330 a year ago. Exports plunged by a greater margin of 47 percent to 1,514 units from 2,844 during the same period, it said.

From January to November, sales fell 6.2 percent to 119,876 autos from 127,818 in the year-ago period.

Renault Samsung Motors’ sales fell 15 percent. It sold 15,749 vehicles in November, down from 18,601 units the previous year.

Domestic sales declined 3.9 percent to 8,076 units last month from 8,407 units a year ago. Exports plunged 25 percent to 7,673 from 10,194 during the same period, the statement said.

From January to November, its sales dropped 23 percent to 161,733 autos from 209,126 in the year-ago period, it said.

GM Korea’s sales rose 1.8 percent last month from a year earlier, helped by increased exports. It sold 39,317 vehicles in November, up from 38,621 units the previous year, the company said in a statement.

Domestic sales fell 12 percent to 7,323 units last month from 8,294 a year ago. Exports climbed 5.5 percent to 31,994 from 30,327 over the cited period, it said.

From January to November, its sales declined 10 percent to 378,408 autos from 420,447 in the year-ago period, the statement said.

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