GM Korea sales plunge 12.4 pct on-year in September

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.