Most Popular
-
1
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
2
Dongduk Women’s University halts coeducation talks
-
3
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Disney+ offers sneak peek at 2025 lineup of Korean originals
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Teen smoking, drinking decline, while mental health, dietary habits worsen
-
10
Kia EV9 GT marks world debut at LA Motor Show
GM Korea Co. said Monday it posted a double-digit on-year drop in sales last month due to lower demand for small cars and its flagship models.
In March, the company's domestic sales plunged 12.4 percent year-on-year to 14,778 vehicles from 16,868. Exports were also down 8.2 percent to 36,072 from 39,276, GM Korea said in a statement.
The South Korean unit of General Motors Co. also didn't report robust sales results for the first quarter ending March 31.
In the January-March period, GM Korea sold a total of 143,058 vehicles, down 4.6 percent from 149,948 units a year earlier, the company said.
Domestic sales rose 0.2 percent to 37,648 units from 37,564 during the three-month period, while exports fell 6.2 percent to 105,410 from 112,384, the statement said.
Local demand for the upper-mid-size Impala sedan fell dramatically in the first three months as its "new car" effect faded. The Impala went on sale domestically from late 2015, fitted with either a 2.5 or 3.6 liter gasoline engine.
GM Korea is a 76.9 percent owned unit of Detroit-based General Motors Co. (Yonhap)
