A strong showing from Hyundai Motor Company boosted sales by South Korea’s automaker 3.7% year on year in October.
Sales of 506,471 units were also up on the 387,481 units sold in September this year.
Exports performed stronger than the overall trend, rising 4.6% to 401,489. Shipments were also up 29.6% on September.
Hyundai said it sold 269,958 vehicles in October, up 12% year on year. The growth was led by exports which reached 217,223 vehicles, up nearly 17%. Domestic sales, however, fell 4.5% to 52,735.
Affiliate Kia reported October sales off 0.7% to 139,871 units. Domestic sales jumped 34% and exports were down 8.2%.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataGM Daewoo saw sales fall 11% to 73,180. Domestic sales and exports were down 9.5% and 12% respectively.
Renault Samsung Motors reported better news with sales up 20% to 16,295 vehicles. Exports nearly tripled on demand for the SM3 compact and Koleos SUV. Local sales slid 29%.
Ssangyong Motor reported a 32% drop to 7,167 sales. Domestic volume fell 39% and exports were down 26%.