Monday, April 6, 2020
Carmakers’ Sales Volume Fell Short of Expectations Last Month
Cars Dropping
Carmakers’ Sales Volume Fell Short of Expectations Last Month
  • By Cho Jin-young
  • March 3, 2015, 07:23
Share articles

Automobiles bound for overseas markets are waiting for shipment at the international auto pier of Pyeongtaek-Dangjin Port.
Automobiles bound for overseas markets are waiting for shipment at the international auto pier of Pyeongtaek-Dangjin Port.

 

Hyundai Motor Company, Kia Motors, GM Korea, Renault Samsung Motors, and Ssangyong Motors sold a total of 646,236 cars at home and abroad in February this year to record a 6.5 percent year-on-year drop. The domestic sales volume also added up to 103,202, 3.6 percent down from a year ago and a 17-month low. 

Hyundai’s sell-through fell 5.5 percent to 359,982. Still, the sales volume of the Sonata Hybrid reached 1,154 in the domestic market to show a growth rate of approximately 300 percent. In Korea, it sold 26,402 cars last month to post a 2.6 percent decrease from a year earlier. Kia Motors sold 221,669 cars, 12.3 percent and 8.7 percent down compared to the previous month and year, respectively. 

Meanwhile, Renault Samsung Motors’ sales volume increased 102.5 percent year-on-year to 15,630. It shipped out 10,426 cars to overseas markets, 260 percent up from a year ago, even though the number of business days was three less than in Feb. 2014 owing to the holiday season. 

GM Korea sold 39,381 cars to show a negative growth of 23.7 percent month-on-month. Ssangyong Motors’ sales volume stood at 9,724 due to decreased exports to Russia. The number is 5.8 percent and 17.6 percent less than a month and year ago, respectively.