Ssangyong Motor Sold 107,416 Units Last Year... 20.6% Decrease YoY

[Asia Economy Reporter Kiho Sung] SsangYong Motor announced that it sold a total of 107,416 units last year, including 87,888 units domestically and 19,528 units for export. This represents a 20.6% decrease compared to 135,235 units sold during the same period in 2019.

On the 4th, SsangYong Motor disclosed through the Financial Supervisory Service's electronic disclosure system that it sold a total of 10,591 units in December last year, including 8,449 units domestically and 2,142 units for export. This marks three consecutive months of maintaining sales performance above 10,000 units since October last year.

Domestic sales showed a 20.1% decline compared to the same month last year due to production disruptions, but thanks to the strong performance of the All New Rexton, the monthly average sales in 2020 (7,324 units) were exceeded.

Exports, which had shown an upward trend for five consecutive months, also recorded an 8.8% decrease compared to the same month last year due to operational disruptions that prevented fulfilling the increasing export orders. However, sales of over 2,000 units were maintained for three consecutive months since last October.

SsangYong Motor's total sales last year amounted to 107,416 units, affected by the COVID-19 pandemic.

In particular, with the launch of new models such as the Tivoli Air and All New Rexton, along with various non-face-to-face strategies in response to the COVID-19 situation, sales recovered to 2019 levels starting from the second half of the year.

Meanwhile, SsangYong Motor stated that since the court has made a final decision on the application to defer the commencement of rehabilitation proceedings (ARS program), it will promptly achieve tangible results such as negotiating sales with new investors through agreements among related stakeholders.

This content was produced with the assistance of AI translation services.