GM Korea's global sales rise 6.6% in June on strong SUV demand
Quick Look
- GM Korea reported a 6.6% increase in global vehicle sales for June, reaching 48,134 units.
- The growth was primarily fueled by robust overseas demand for SUVs like the Trax Crossover and Trailblazer, while domestic sales saw a significant drop.
AI-generated summary
Why It Matters
GM Korea Co., the South Korean unit of General Motors Co., reported its June sales figures, highlighting a contrast between its international and domestic performance.
SEOUL, July 1 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Wednesday its global sales rose in June from a year earlier, driven by strong overseas demand for sport utility vehicles (SUVs)
The automaker sold 48,134 vehicles worldwide last month, up 6.6 percent from a year earlier.
Overseas sales rose 7.3 percent on-year to 47,085 units last month, while domestic sales dropped 18 percent to 1,049 units.
The Trax Crossover SUV was the company's bestselling model overseas, with 30,503 units sold, followed by the Trailblazer SUV at 16,582 units.
In the first half of the year, GM Korea's cumulative global sales increased 10.5 percent from a year earlier to 275,523 units.
Domestic sales declined 35.1 percent to 5,271 units, while overseas sales shot up 12.0 percent to 270,252 units.
Open Questions
- Reasons for domestic sales decline
- Future outlook for domestic market
