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Article: S KOREA'S MAJOR CARMAKERS POST WEAK DOMESTIC SALES IN SEPT.
- Article from:
- AsiaPulse News
- Article date:
- October 4, 2005
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SEOUL, Oct 4 Asia Pulse - Sales by South Korea's five major auto companies showed a lackluster performance in September, hindered by low production and weak domestic sales of the nation's top two major carmakers, the companies said Tuesday.
Hyundai Motor Co. (KSE:005380), Kia Motors Corp. (KSE:000270) and three other carmakers saw their combined sales decline 1.1 per cent from a year earlier to 382,221 units in September.
During the reported month, domestic sales declined 9.4 per cent year-on-year to 82,303 units, while exports rose 4.5 per cent from a year ago to 299,918 units.
Hyundai Motor, the nation's largest auto producer, said its sales ...