Ssangyong Motor, February Sales of 2,789 Units... 60.9% Decrease YoY

[Image source=Yonhap News]

[Asia Economy Reporter Ki-min Lee] SsangYong Motor announced on the 2nd that it sold a total of 2,789 vehicles in February, including 2,673 units domestically and 116 units for export. This represents a 60.9% decrease compared to February of last year.

Initially, SsangYong Motor had planned to sell 7,300 units in February this year, with 5,000 units domestically and 2,300 units for export. However, due to delivery refusals by some large corporations and foreign parts suppliers, factory operations were halted for 14 business days, resulting in decreased sales performance.

Due to production disruptions, domestic sales fell by 47.6% compared to the same month last year, and exports decreased by 94.3%. SsangYong Motor explained that resolving the concerns of partner companies is key to normal factory operations, and they are fully committed to ongoing negotiations with potential investors.

The SsangYong Motor and SsangYong Motor Partner Emergency Response Committee have continuously communicated and negotiated with suppliers who had refused deliveries last month, resulting in the resumption of parts supply and restarting of production lines from March.

A SsangYong Motor official stated, "Due to the factory shutdown in February, both domestic and export undelivered inventory has accumulated. We plan to actively respond to resolving undelivered vehicles by establishing a full-scale production and sales system through normal operations."

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