Renault Samsung's Nov Sales Fall 28 Pct On Weak Exports

Renault Samsung Motors Corp. said Monday its November sales fell 28 percent from a year earlier on weaker overseas demand for its vehicles.

SEOUL, (UrduPoint / Pakistan Point News - 4th Dec, 2018 ) :Renault samsung Motors Corp. said Monday its November sales fell 28 percent from a year earlier on weaker overseas demand for its vehicles.

Renault Samsung sold 18,601 vehicles last month, down from 25,759 units the previous year, the company said in a statement.

Domestic sales rose 1.3 percent to 8,407 units last month from 8,302 units a year ago.

But exports plunged 42 percent to 10,194 autos from 17,457 during the same period last year, the statement said.

From January to November, total sales were down 19 percent on-year to 209,126 autos from 250,293, it said.

The company's current lineup includes the SM3 compact, the all-electric SM3 Z.E. sedan, the QM3 small SUV and the SM5, SM6 and SM7 sedans. France's Renault S.A. has an 80 percent stake in Renault Samsung.