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Renault Samsung's July sales drop 20 pct on weaker exports

All Headlines 15:30 August 01, 2018

SEOUL, Aug. 1 (Yonhap) -- Renault Samsung Motors Corp. said Wednesday its July sales fell 20 percent from a year earlier on weaker overseas demand for its vehicles.

Renault Samsung sold 18,565 vehicles last month, down from 23,294 units a year earlier, the company said in a statement.

Domestic sales declined 4.1 percent on-year to 7,602 units last month from 7,927 units. Exports also dropped 29 percent to 10,963 autos from 15,367 during the same period, the statement said.

In the January-July period, overall sales fell 9.2 percent on-year to 144,583 autos from 159,189, it said.

The company's current lineup includes the SM3 compact, the all-electric SM3 Z.E. sedan, the QM3 subcompact SUV and the SM5, SM6 and SM7 sedans.

Renault S.A. owns an 80-percent stake in Renault Samsung.

Renault Samsung Motors Corp. (Yonhap)

kyongae.choi@yna.co.kr
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