S.Korean automakers see car export decline in May

Publisher:Release time:2019-06-04Number of views:10

SEOUL, June 3 (Xinhua) -- All of the five automakers in South Korea saw their car export decline last month on weak demand from emerging economies, industry data showed Monday.

The country's top automaker Hyundai Motor said its car export retreated 11 percent from a year earlier to 289,757 units in May. It was attributed to the weakened demand from Turkey and China.

In the domestic market, Hyundai's auto sale increased 9.5 percent to 67,756 vehicles.

Kia Motors, the No.2 automaker affiliated with Hyundai, logged an overseas sale of 196,059 units in May, down 2.2 percent from a year earlier. Its local sale shrank 8.6 percent to 43,000 vehicles.

Hyundai and Kia kept a downward trend in auto exports for three months since March on soft demand from China, South Korea's biggest trading partner.

GM Korea, a South Korean unit of the U.S. automaker General Motors, globally sold 41,060 vehicles in May, up 0.4 percent from a year ago. Its local sale tumbled 12.3 percent, but the export gained 3.4 percent to 34,333 units.

Global car sale by Renault Samsung contracted 11.6 percent over the year to 14,228 units last month, and the figure for Ssangyong Motor dipped 4.6 percent to 12,338 vehicles on weak global demand.


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