Ssangyong Motor

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Title SsangYong Motor's Dec. sales fall 0.2 pct on weak exports
Date 2019-01-02

SEOUL, Jan. 2 (Yonhap) -- SsangYong Motor Co. said Wednesday its sales fell 0.2 percent last month from a year earlier on weak exports.

SsangYong Motor sold 14,177 vehicles in December, down from 14,208 units a year earlier, due to weak overseas demand for its vehicles, the company said in a statement.

Domestic sales edged up 0.1 percent to 10,656 units in December from 10,647 a year earlier. But exports backtracked 1.1 percent to 3,521 units from 3,561 during the same period, it said.

For the whole of 2018, the maker of the flagship G4 Rexton and compact Tivoli SUVs sold a combined 141,995 vehicles, down 1.2 percent from 143,685 a year earlier, the company said.

Indian carmaker Mahindra & Mahindra Ltd. owns a 72.85 percent stake in SsangYong Motor.

SsangYong Motor's corporate logo (Yonhap)

SsangYong Motor's corporate logo (Yonhap)

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