GM Korea sales plunge 12.4 pct on-year in September
In this article (5)
GM Korea Co., the local unit of U.S. automaker General Motors Co., said Tuesday its sales dropped over 12 percent from a year earlier last month as both its domestic sales and exports suffered heavy losses.
In September, the company sold 45,113 vehicles globally, down 12.4 percent from the same month last year, the company said in a press release.
Domestic sales tumbled 14.1 percent on-year to 14,078 cars, while exports retreated 11.16 percent to 31,035 vehicles.
In the first nine months of the year, the company’s global sales slipped 4.4 percent to 434,573 cars despite a 12.3 percent on-year spike in domestic sales as its outbound shipments plunged 10 percent on-year to 306,583 units over the cited period.
Questions & Answers
Q.What was the total volume of vehicles sold by GM Korea in September?
What was the total volume of vehicles sold by GM Korea in September?
In September, GM Korea sold 45,113 vehicles globally. This figure represents a 12.4 percent decrease compared to the same month in the previous year, impacting both domestic and export markets.
Q.How much did GM Korea's domestic sales fall in September?
How much did GM Korea's domestic sales fall in September?
GM Korea's domestic sales decreased by 14.1 percent year-on-year in September. The company sold 14,078 cars within the domestic market, contributing to the overall sales decline for the month.
Q.What was the total number of vehicles exported by GM Korea in the first nine months of the year?
What was the total number of vehicles exported by GM Korea in the first nine months of the year?
GM Korea exported 306,583 units during the first nine months of the year. This figure represents a significant 10 percent decline in outbound shipments compared to the same period in the previous year.
Q.What was the overall change in GM Korea's global sales for the first nine months?
What was the overall change in GM Korea's global sales for the first nine months?
For the first nine months of the year, GM Korea's global sales slipped by 4.4 percent, totalling 434,573 cars. This occurred despite an increase in domestic sales, primarily due to a plunge in exports.
Reader pulse
What does GM Korea's sales slump indicate?
18,903 votes so far