Seoul: Renault Korea Motors Co., the South Korean unit of France's Renault S.A., reported a significant drop in its June sales compared to the previous year, attributing the decline to weak demand in both domestic and international markets.
According to Yonhap News Agency, the automaker managed to sell 4,651 vehicles last month, marking a 45.7 percent decrease from the same period last year. The company highlighted that domestic sales fell by 32.2 percent to 3,400 units, while overseas sales also experienced a steep decline of 45.7 percent, totaling 4,651 units.
Renault Korea's cumulative sales for the first half of the current year stood at 33,384 units, representing a significant 29 percent decrease from the previous year. The company's domestic sales dropped by 24.5 percent to 21,187 units during this period, with exports plummeting by 35.7 percent to 12,197 units.