SOUTH KOREA: Automakers’ yearly sales rise 5.7%
After coping with negative factors including the eurozone fiscal crisis last year, Korean automakers booked strong overseas sales despite a slump at home.
The five companies saw their collective sales climb by 5.65% in 2012 to about 8.19m units, from 7.75m units a year before, the Korea Herald reported.
Hyundai Motor reported year-on-year sales growth of 8.6% as sales increased by about 350,000 units to around 4.4m units ? an all-time high ? in 2012, from 4.05m units a year earlier.
The nation’s largest carmaker’s sales growth of 10.9% in the overseas market offset the 2.3% drop at home.
It sold about 3.73m units overseas, including the United States, China and Europe, compared with 3.36m units in 2011.
Hyundai said in a statement that its sales from factories in China and the Czech Republic grew about 15% and 20%, respectively.
Predicting continuing difficulties in the business environments at home and abroad, the company said: “We have set a sales target of 4.66m units this year, up 5.9% from 2012.”
Kia Motors reported 7.1% growth in yearly sales ? from 2.53m units in 2011 to 2.72m units in 2012.
Overseas shipments led the increase, with about 2.23m units sold, up 9.4% on-year, while domestic sales dipped 2.2% to 482,060 units.
Kia’s best-selling model was the Pride subcompact, with 380,064 units sold worldwide last year, followed by the New Sportage R with 373,000 units.
Ssangyong Motor said its 2012 sales increased by 6.8% from a year earlier, buoyed by brisk sales of its new models.
The company sold 120,717 vehicles last year, up from 113,001 units in 2011. Domestic sales surged 23.4% to 47,700 units as its new Korando C and Korando Sports vehicles posted 57.2% and 86.7% on-year growth in sales, respectively.
GM Korea saw its 2012 sales inch down 0.9% from a year earlier. It sold 800,639 vehicles last year, down from 808,309 units sold in 2011.
But the company expanded its presence in the local market as domestic sales climbed 3.6% on-year to a record high of 145,702 units thanks to its steady-selling models.
Renault Samsung Motors suffered lacklustre sales last year, reporting a 37.5% fall from 246,959 units in 2011 to 154,309 units in 2012.
But the Renault Group’s Korean unit saw its December sales increase by 11.8% from a month before. Its sales rose from 12,441 units in November to 13,909 units in December.
The company is pinning hopes on the flagship line-up ? the New SM5 Platinum and New SM3 ? to revitalise home market sales.
The old adage 'win on Sunday, sell on Monday' attributed to Ford's return to racing in the US in the early 1950s* has been given a new twist by Hyundai. The company doesn't want to be the world's bigg...
The media days for the 2013 Frankfurt Internationale Automobil-Ausstellung (IAA) are 10 & 11 September. Each of the following vehicles is a world premiere at the show....
Hyundai Motor has announced that its subsidiary, Hyundai Motor CIS, has provided more than 1,000 vehicles for use during the XXVII World Summer Universiade games in Kazan, Russia....
Kia's first sporty hatchback, the pro_cee'd GT, goes on sale next week but already the company's UK operation is clamouring for similar performance and styling upgrades to be applied to other models i...
According to JATO Dynamics, European new car sales slipped back into decline during May. Following a small 2.0% increase in April (versus April 2012), May ended with a 5.8% reduction in new car sales/...
Sales of utility vehicles, including Renault's popular low-cost Duster compact SUV, have been strong in an otherwise dismal year for the Indian auto industry where passenger car sales fell for the sev...
- Has Audi reached a model proliferation limit?
- THE WEEK THAT WAS: New Hondas and the ship's up
- What now for docked Hoegh Osaka cargo?
- VEHICLE ANALYSIS: Honda CR-V update
- ANALYSIS: Europe's car market in 2014, and 2015
- Automakers anxious to learn Osaka cars fate: Hoegh
- Salvers look to slash Hoegh list to 5° for tow
- Hoegh Osaka due back in Southampton at 17:00 GMT
- CHICAGO DEBUTS: Mysterious Mitsubishi teased
- Volkswagen Golf stays top of European chart
- Global vehicle lightweighting - technology, trends and the future
- Global light vehicle OE wheels market- forecasts to 2029
- Global light vehicle engine technologies market- forecasts to 2029
- Global light vehicle OE connectivity market- forecasts to 2029
- Global light vehicle safety systems market- forecasts to 2029