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GM Korea's Dec. sales fall 6.7 pct on lower demand

All News 14:50 January 02, 2019

SEOUL, Jan. 2 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Wednesday its December sales fell 6.7 percent from a year earlier due to weak demand for its models.

GM Korea sold 42,424 vehicles in December, down from 45,466 units a year earlier, the company said in a statement.

Domestic sales declined 12 percent to 10,428 units last month from 11,852 a year ago. Exports were down 4.8 percent to 31,996 from 33,614 during the same period, it said.

For all of 2018, sales dropped 12 percent to 462,871 autos from 524,547 a year earlier, the statement said.

To revive sales, the carmaker plans to introduce 15 vehicles into the local market over the next five years. It launched the U.S.-made Equinox SUV and the upgraded Chevy Spark minicar last year. The Traverse SUV will be the next model to be added to its lineup.

GM's Chevrolet badge (Yonhap)


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