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Renault Samsung's March sales plunge 49 pct on weak exports

All Headlines 14:48 April 01, 2019

SEOUL, April 1 (Yonhap) -- Renault Samsung Motors Corp. said Monday its sales plunged 49 percent last month from a year earlier on weak exports.

Renault Samsung sold 13,796 vehicles in March, down from 27,059 units the previous year, the company said in a statement.

Domestic sales dropped 16 percent to 6,540 units last month from 7,800 units a year ago. Exports nose-dived 62 percent to 7,256 from 19,259 vehicles during the same period, the statement said.

In the January-March quarter, sales were down 40 percent to 39,210 autos from 64,900 in the year-ago period, 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 March sales plunge 49 pct on weak exports - 1

kyongae.choi@yna.co.kr
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