Post: The sales of the five major Korean automakers in September decreased by 3.8% year-on-year

According to the sales results released by the five major Korean automakers on the 2nd, the total global market sales of Korean-made cars in September (including CKD assembly) decreased by 3.8% year-on-year to 672,655 vehicles.
The global sales of the five major automakers have decreased year-on-year for five consecutive months. Domestic sales in September decreased by 1% year-on-year to 105,577 vehicles; overseas sales decreased by 4.3% year-on-year to 567,078 vehicles.
Due to the base effect of the same period last year, the long-term sluggish domestic demand, the reduction in working days due to the Mid-Autumn Festival holiday, and the strike of some parts companies, the domestic sales of the five major automakers have decreased for eight consecutive months since February. The poor overseas sales are mainly due to the temporary stagnation of electric vehicle demand in Europe and the Asia-Pacific region and the reduction in working days.
By car company, Hyundai Motor’s global total sales decreased by 3.7% year-on-year to 343,824 units; Kia’s sales decreased by 4.5% year-on-year to 249,842 units; GM Korea’s sales increased by 1.2% year-on-year to 62,727 units; KGM (formerly Ssangyong Motor)’s sales decreased by 20.3% year-on-year to 7,637 units; Renault Korea’s sales decreased by 5.3% year-on-year to 8,625 units.
During the same period, the best-selling model in the country was Kia Sorento (6,628 units), followed by Hyundai Grandeur (6,120 units), Hyundai Santa Fe (5,314 units), Kia Carnival (4,900 units), and Hyundai Sonata (4,890 units).