Ssangyong Motor, 8,282 Units Sold in May... "Over 8,000 Units for 3 Consecutive Months"

[Asia Economy Reporter Yoo Hyun-seok] SsangYong Motor announced on the 2nd that it sold a total of 8,282 units in May, including 4,275 units domestically and 4,007 units for export.

This performance was driven by an increase in export volume. For three consecutive months since March, sales exceeded 8,000 units. However, due to supply constraints of parts such as semiconductors, sales decreased by 6% compared to the same month last year.

Despite the recovery in exports, SsangYong Motor has focused on resolving domestic inventory backlogs, resulting in export shipment backlogs exceeding 10,000 units due to parts supply disruptions.

To resolve this backlog, the production line was operated mainly for exports last month, causing domestic sales to decrease by 13.7% compared to the same month last year. However, compared to the cumulative sales of the previous year, it maintained a 12.9% increase, continuing the recovery trend.

In particular, exports surpassed 4,000 units per month for the first time in six years since December 2016 (6,005 units) by partially clearing back order volumes. This represents a 4% increase compared to the same month last year and is the highest monthly sales record this year.

Exports, which showed a recovery by exceeding 3,000 units in March after 10 months, surpassed 4,000 units last month. With increasing export orders, sales are expected to continue rising depending on parts supply.

Currently, SsangYong Motor is aggressively introducing product improvement models and new models to the market, including the All New Rexton Signature, a special model commemorating the 20th anniversary of the Rexton brand, and the upcoming launch of Torres in the second half of the year.

SsangYong Motor stated, “Thanks to the upward trend with exports recording the highest monthly sales in six years, sales have exceeded 8,000 units for three consecutive months since March. We will increase sales volume further through new model launches, ensuring smooth parts supply, and efficient line operations.”

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