General Motors’ South Korean arm GM Daewoo Auto & Technology has begun offering a new instalment payment programme to boost weak domestic sales, Dow Jones reported.
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The report said the programme gives a 1% discount on customers’ monthly no-interest car instalment payments after they make more than a 15% down payment – the offer applies to most car models.
Dow Jones noted that South Korea’s domestic car industry has been using no-interest instalment payment deals to attract customers.
The news agency said GM Daewoo sold 571,219 vehicles last year, up 51% from the previous year’s 377,237, though its South Korean sales slumped 17% to 127,759 due to weak demand.
