Carmakers’ April sales soar 77 pct on strong overseas demand
May 3, 2021
South Korean carmakers’ sales jumped 77 percent last month from a year earlier driven by robust overseas demand for SUVs amid the extended COVID-19 pandemic, industry data showed Monday.
The five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — sold a combined 630,691 vehicles in April, up from 356,604 units a year ago, according to data from the companies.
Their domestic sales fell 6.6 percent to 135,601 units last month from 495,090 a year ago. But overseas sales more than doubled to 495,090 from 211,463 during the same period, the data showed.