|Title||SsangYong Motor Global Sales Record 13,728 units in November 2016|
▪ SsangYong’s November sales soar 10.6% YoY thanks to main models’ high growth of 20%
▪ Its domestic sales post highest ever in 2H 2016 helped by highest sales of Actyon Sports
▪ Its exports rose 26.8% YoY driven by highest ever exports of Tivoli to single market, Iran
▪ SsangYong to achieve 2016 sales goal, expecting highest quarterly sales in Q4 2016
SsangYong Motor Company(CEO Choi Johng-sik; www.smotor.com/en), part of the Mahindra Group, today announced that the company sold a total of 13,728 units in November 2016 – 9,475 units in domestic sales and 4,253 in exports.
SsangYong’s November sales grew by 10.6% compared to the same month last year and 7.3% on an accumulated basis. Sales of its main products such as the Tivoli brand models (up 23.2% YoY) and Actyon Sports (up 25.1% YoY) surged over 20% from the previous year.
Its domestic sales, which have maintained an uptrend for the fifth straight month since July, recorded the largest monthly sales in the second half of this year with an increase of 4.6% over November 2015. Sales of the Actyon Sports were the largest ever this year at 2,557 units (up 25.8% YoY) along with popular Tivoli brand models (up 3.4% YoY).
SsangYong’s domestic sales, which have showed a growth for eight consecutive years since 2009, are expected to set an annual record high by the end of this year in 14 years since 2003. Its January-November sales were 5.1% higher than the same period last year.
Its exports were also 26.8% higher than November 2015, maintaining a monthly sales level of 4,000 units for the eighth month in a row since April thanks to a constant sales uptrend in emerging market including Iran.
In particular, the exports of Tivoli brand models to the Iranian market were at 1,337 units, showing a huge rise of 94.7% over November 2015. These figures are the largest ever monthly sales of Tivoli brand models to a single market.
Choi Johng-sik, CEO of SsangYong Motor Company, commented, “SsangYong’s sales in both domestic and overseas market have increased compared to last year helped by a strong sales uptrend based on the Tivoli brand models’ growth,” adding, “We will achieve 2016 sales goal by maintaining its domestic sales uptrend for eight consecutive months and by posting the highest ever quarterly sales in 2016 Q4.”