Ssangyong Motor

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Title SsangYong Motor Global Sales Record 10,744 units in October 2017
Date 2017-11-01

▪ Company sold 10,744 units in October 2017, down 21.7 percent over October 2016

▪ Jan-Oct domestic sales maintain growth of 4.7 percent YoY thanks to steady sales of main models

▪ SsangYong to expand its global sales with Rexton's global launches and aggressive sales activities


SsangYong Motor Company (CEO Choi Johng-sik; www.smotor.com/en), announced that the company sold a total of 10,744 units in October 2017 – 7,414 units in domestic sales and 3,330 in exports.


SsangYong's October sales declined 21.7 percent from the year earlier. As the working days reduced due to the longest-ever Chuseok holidays, both domestic sales and exports declined.


In the domestic market, its monthly sales fell 21.5 percent compared to the same month last year affected by the holidays, while Jan-Oct sales rose 4.7 percent compared to the same period last year due to the continuous sales growth of the main models such as the Tivoli brand.


In the overseas market, its monthly exports dropped 22.2 percent over October 2016. However on an accumulated basis, its exports showed a steady improvement, exceeding 3,000 units for the third straight month helped by the Rexton's shipment.


SsangYong will push forward its multilateral strategies to boost domestic sales of existing and new models. In addition, the company will expand the Rexton's global launches from the European market to the Central and South American markets.


Choi Johng-sik, CEO of SsangYong Motor Company, commented, "Our October sales dropped due to the reduced working day but cumulative domestic sales continue to grow thanks to the popularity of the main models," adding, "We will increase global sales by expanding the Rexton's global launches and strengthening sales activities aggressively. "


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