SOUTH KOREA: SsangYong global sales up 9.5% in January
SsangYong Motor has announced that the company sold a total of 11,634units in January - 5,445 units in domestic sales and 6,189 in exports, including CKD kits.
The company's sales in January increased by 9.5% compared to January 2013 backed by rising sales of the Korando family brand including the Korando Turismo, despite reduced working days due to Lunar New Year holidays.
In particular, its domestic sales rose by 34.9% year-on-year, showing continued uptrend of monthly sales with 5,000 units since April 2013. This performance was attributed to continuous sales increase of the New Korando C, Korando Sports and Korando Turismo, SsangYong said.
Exports excluding CKD kits increased by 1.8% from 2013. Monthly exports of Korando C were at more than 3,000 units since October 2013 due to increased sales in Russia and China.
However, the company's total exports dropped by 6% compared to the same month in 2013 due to reduced production of CKD kits in line with decreased working days, SsangYong said.
Meanwhile, the company set a sales goal of 160,000 units in 2014, up 10% year-over-year.
In 2013 the company recorded its highest sales since 2002.
Lee Yoo-il, CEO of SsangYong Motor, said: "Despite reduced working days due to Lunar New Year holidays in January, our monthly sales increased by 9.5% from a year earlier. This year we aim to maintain the sales uptrend for five consecutive years as well as achieve our challenging sales goal by expanding sales of popular models including the Korando family brand."