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Renault Samsung's Dec. sales plunge 30 pct on weak exports

All Headlines 15:28 January 02, 2019

SEOUL, Jan. 2 (Yonhap) -- Renault Samsung Motors Corp. said Wednesday its December sales plunged 30 percent from a year earlier on weaker overseas demand for its vehicles.

Renault Samsung sold 18,462 vehicles in December, down from 26,515 units the previous year, the company said in a statement.

Domestic sales rose 8.6 percent to 10,805 units last month from 9,953 units a year ago. But exports nosedived 54 percent to 7,657 autos from 16,562 during the same period, the statement said.

For the whole of 2018, sales dropped 18 percent on-year to 227,577 from 276,808, it said.

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

France's Renault S.A. has an 80 percent stake in Renault Samsung.

Renault Samsung's Dec. sales plunge 30 pct on weak exports - 1

kyongae.choi@yna.co.kr
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