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GM Korea's May sales fall 5.1 pct on weak local demand

All News 14:26 June 01, 2018

SEOUL, June 1 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Friday its May sales fell 5.1 percent from a year earlier due to weaker domestic demand.

GM Korea sold 40,879 vehicles last month, down from 43,085 units a year earlier, mainly because of a sharp decline in domestic sales, the company said in a statement.

Domestic sales plunged 35 percent to 7,670 units last month from 11,854 a year ago. Exports rose 6.3 percent to 33,209 units from 31,231 during the same period, it said.

The sales slump was mainly affected by weaker local demand for the Cruze subcompact and midsize Malibu sedans, the statement said.

In the January-May period, GM Korea saw its combined sales plunge 15 percent to 199,840 vehicles from 235,306 units a year earlier, it said.

This image shows the corporate logo of GM Korea and the Chevrolet badge used on all vehicles made by the carmaker in South Korea. (Yonhap)


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