World Biz
Global car sales by S. Korean automakers fall in January on weak export
Last Updated: 2019-02-02 09:26 | Xinhua
 Save  Print   E-mail

Global car sales by South Korean automakers fell in the first month of this year on weak export, industry data showed Friday.

Five car manufacturers, including Hyundai, Kia, GM Korea, Renault Samsung and Sssangyong, sold a total of 585,607 vehicles in January at home and abroad, down 5.6 percent from a year earlier.

Auto export declined 7.8 percent over the year to 468,143 units in January amid soft global demand. Hyundai's car shipment tumbled 12.2 percent, but auto export by Kia, Hyundai's affiliate, increased 2.2 percent.

Car exports by the three other manufacturers all retreated last month.

However, car sales in the domestic market increased 4.5 percent over the year to 117,464 units in January as positive effect continued from the government's temporary cut in consumption tax.

Hyundai's local car sale jumped 17.5 percent on rising popularity for a newly-launched sport utility vehicle. Ssangyong also saw domestic car sale expand 14.5 percent last month.

Kia's car sale at the local market shed 2.8 percent, with those for GM Korea and Renault Samsung posting a double-digit reduction.

Share to 
0
Related Articles:
BACK TO TOP
Edition:
Chinese | BIG5 | Deutsch
Link:    
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved