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Renault Samsung May sales fall 15 pct on lower demand

All News 15:07 June 01, 2017

SEOUL, June 1 (Yonhap) -- Renault Samsung Motors Corp., the South Korean unit of French carmaker Renault S.A., said Thursday its May sales fell 15 percent last month from a year earlier on weak consumer demand.

Renault Samsung sold a total of 20,517 vehicles in May, down from 24,113 units a year earlier, due to slowing demand for its SM3 compact and SM6 flagship sedan, the company said in a statement.

Domestic sales declined 16 percent year-over-year to 9,222 units from 8,702 units a year earlier. Exports also slid 14 percent to 11,295 from 13,109 during the same period, it said.

Exports of the SM3 compact plunged 76 percent year-on-year to 40 units last month and shipments of the Rogue SUV were down 41 percent to 7,250, the company said.

In the January-May period, the carmaker sold a combined 109,080 autos, up 8.3 percent from 100,677 in the year-ago period, it said.

The company's current lineup also includes the SM7 large-size sedan, the SM5 midsize sedan, the all-electric SM3 Z.E. sedan and the QM3 and QM6 SUVs.

French automaker Renault S.A. owns 80 percent of Renault Samsung.


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