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SsangYong Motor March sales almost flat despite lower demand

All Headlines 15:15 April 03, 2017

SEOUL, April 3 (Yonhap) -- Overall sales by SsangYong Motor Co., the smallest carmaker in the country, remained little changed in March compared with a year earlier, backed by steady demand for its SUVs, the company said Monday.

SsangYong Motor sold a total of 12,992 vehicles last month, compared with 13,010 units a year earlier, the carmaker said in a statement.

Domestic sales rose 1.8 percent on-year to 9,229 units in March, while exports fell 4.5 percent to 3,763 over the cited period, the statement said.

In the January-March period, a 11 percent on-year decline in exports was offset by a 7.6 percent gain in domestic sales. Local sales came to 24,350 autos, with exports standing at 9,878, it said.

Robust sales of the Tivoli compact SUV gave a boost to the quarterly sales results, company data showed.

Mahindra & Mahindra Ltd. owns a 72.85 percent stake in SsangYong Motor.

SsangYong Motor's Tivoli compact SUV (Yonhap file photo)

kyongae.choi@yna.co.kr
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