Korean automaker sales down 12 percent in December

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Korean automaker sales down 12 percent in December

Korean automakers' sales fell 12 percent last month from a year earlier as a prolonged chip shortage disrupted vehicle production and sales, industry data showed Monday.
 
The country's five carmakers — Hyundai Motor, Kia, GM Korea, Renault Samsung Motors and SsangYong Motor — sold a combined 578,241 vehicles in December, down from 659,268 units a year ago, sales data from the companies showed.
 
Their domestic sales declined 2.8 percent to 129,392 units from 133,061, while overseas sales dropped 15 percent to 448,849 from 526,207 during the same period, the data showed.
 
Disrupted vehicle supplies amid chip shortages and the resurgence in Covid-19 cases weighed on the carmakers' monthly sales results.
 
For the whole of 2021, the five carmakers' combined sales rose 2.3 percent to 7.12 million units from 6.94 million a year earlier.
 
Their domestic sales fell 11 percent to 1.43 million autos from 1.61 million units a year earlier, while their overseas sales rose 6.6 percent to 5.69 million from 5.34 million.
 
Yonhap
 
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