SsangYong Motor Co., part of India's Mahindra Group, announced on Sept. 2 that the company sold a total of 10,015 units in August 2019 -- 8,038 units in domestic sales and 1,977 in exports.
SsangYong’s August sales dropped 12.3 percent from a year earlier, showing a decline in both domestic sales and exports due to severe competition amid domestic and global market slowdown.
In the domestic market, sales decreased 11.2 percent year-on-year due to weakened consumer confidence despite launch of brand-new Korando.
Thanks to the addition of gasoline-powered model, the Korando’s August sales jumped 39.4 percent from the previous month, contributing to year-to-date sales growth of 3.3 percent.
In the overseas market, exports dropped 16.4 percent year-on-year due to re-arrangement of lineup, but its CBU exports increased 10.4 percent from the previous month as the brand-new Korando started to be shipped.
SsangYong Motor expects a fast recovery in the overseas market since the manual transmission Korando is scheduled to be shipped to the European market from September.
Yea Byung-tae, CEO of SsangYong Motor, commented, “We still maintain year-to-date sales growth at home based on continued launches of new cars despite weakened consumer confidence,” adding, “We will increase our global sales based on the strengthened product lineup including the Korando gasoline model.”