Domestic 5 Completed Vehicle Manufacturers' August Sales Volume: 544,992 Units
Two Consecutive Months of Decline... Car Semiconductor Supply Shortage and Summer Vacation Impact
[Asia Economy Reporter Yoo Je-hoon] The combined sales volume of five domestic automakers decreased for the second consecutive month. The main reasons are the shortage of automotive semiconductors and the reduced number of working days due to summer vacations.
According to the industry on the 1st, the combined sales volume of Hyundai Motor, Kia, GM Korea, SsangYong Motor, and Renault Samsung Motors last month was 544,992 units, down 4.9% compared to the same period last year. This marks a decline for two consecutive months following July.
By market, domestic sales dropped about 5% to 106,247 units, while overseas sales decreased about 4.9% to 438,745 units. By company, GM Korea (-40.1%), Hyundai Motor (-7.6%), and SsangYong Motor (-3.6%) saw declines, whereas Renault Samsung (16.8%) and Kia (0.1%) experienced sales growth.
For Hyundai Motor, domestic sales recorded 51,034 units, down 6.5%. Sedans sold 12,840 units, and recreational vehicles (RVs) sold 16,894 units. Hyundai’s premium brand Genesis sold a total of 8,307 units. Overseas sales decreased 7.8% to 243,557 units.
Kia’s overseas sales decreased by 1.4%, but domestic sales increased by 6.6%, continuing its sales growth trend. Notably, Kia sold 10,394 eco-friendly vehicles, including 1,910 units of the dedicated electric vehicle EV6, hybrids (HEV), and electric vehicles, surpassing 10,000 eco-friendly vehicle sales in a single month for the first time ever.
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GM Korea’s sales dropped 40.1% due to the automotive semiconductor shortage, and SsangYong Motor’s sales fell 3.6% due to reduced working days from summer vacations and parts supply issues. Renault Samsung’s domestic sales decreased 24.6% year-on-year, but exports increased 189.4% thanks to the European export of the XM3, resulting in overall sales growth.
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