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GM Korea’s August Sales Surge 9.4% on Robust Overseas Demand

Seoul: GM Korea Co., the South Korean unit of General Motors Co., announced a notable 9.4 percent increase in sales for August, compared to the same month last year, primarily fueled by a surge in overseas demand.

According to Yonhap News Agency, the company reported selling 23,042 vehicles in August, up from 21,059 units a year earlier, with the Chevrolet Trax Crossover playing a significant role in driving sales. While domestic sales saw a significant drop of 39.4 percent to 731 units from 1,207, exports experienced a healthy rise of 12.4 percent, reaching 22,311 units compared to 19,852 units in the previous year.

The company attributed the overall sales growth to strong international shipments, despite facing challenges such as fewer working days during the summer holiday period and ongoing facility construction. From January to August, GM Korea's sales rose by 12.6 percent to 340,684 units from 302,658 units during the same period last year.

In detail, domestic sales during this period decreased by 35.9 percent to 6,768 units from 10,554, whereas exports increased by 14.3 percent to 333,916 units from 292,104. As part of its strategic approach, GM Korea continues to offer both locally assembled and imported vehicles in South Korea, which holds the position of Asia's fourth-largest economy.

The company's current product lineup includes two locally assembled models, the Trailblazer and Trax Crossover, along with one imported model, the GMC Sierra Denali.

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