Renault Samsung's Domestic LPG Vehicle Market Share at 31%

[Image source=Yonhap News]

[Image source=Yonhap News]

View original image

[Asia Economy Reporter Yu Je-hoon] Renault Samsung Motors' QM6 LPe ranked first in domestic liquefied petroleum gas (LPG) vehicle sales last year.


Renault Samsung announced on the 29th that the sales volume of the QM6 LPe last year was 27,811 units, a 34.1% increase compared to the previous year, recording the highest sales among domestic passenger LPG vehicles. The QM6 LPe is currently the only LPG sport utility vehicle (SUV) sold in Korea.


According to Renault Samsung, the LPG vehicles ranked 2nd to 5th in sales last year were all sedans from competitors, making this the first time an SUV has taken first place in the passenger car LPG market. Renault Samsung stated, "Most of the LPG sedans in the top sales ranks are mainly corporate sales such as taxis," adding, "The significance of the QM6 LPe as an LPG passenger car purchased by actual consumers according to their purchase purpose is even greater."


Earlier, in November last year, Renault Samsung launched the style-upgraded model NEW QM6 and added the premium trim Premiere to the LPe engine version. The company explained that this reflects customer needs to satisfy both economy and luxury simultaneously.


Additionally, among the QM6 LPe sold last year, the most popular trim was the RE Signature (10,258 units). Renault Samsung added, "Customer preference for higher trims suggests that price alone is not the only criterion for choosing LPG."


Meanwhile, according to the Korea Automobile Manufacturers Association (KAMA), the total sales volume of domestic LPG passenger cars last year was 102,862 units, accounting for 7.5% of the entire passenger car market. Renault Samsung sold a total of 31,452 units combining the QM6 LPe and SM6 LPe, recording a market share of 31%, which is a 4 percentage point increase from the previous year.



Kim Tae-jun, Head of Sales at Renault Samsung, said, "The QM6 LPe, the only LPG SUV in Korea with outstanding economy, eco-friendliness, and safety, was able to become the number one in the domestic LPG passenger car market in 2020 thanks to the wise choices of our customers," adding, "By actively responding to customer preferences with trims like the premium Premiere, Renault Samsung will lead the domestic LPG market."


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing