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GM Korea's sales down 23.8 pct in July

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(Globalpost/GlobalPost)

SEOUL, Aug. 1 (Yonhap) -- GM Korea Co., the local unit of U.S. automaker General Motors Co., said Thursday that its sales declined 23.8 percent from a year earlier.

GM Korea sold 46,257 vehicles in July, compared with 60,720 units a year earlier, the company said in a statement.

Exports of completed vehicles dropped 32.3 percent on-year to 32,971 units, undermining brisk domestic sales that increased 10.9 percent on-year to 13,304 vehicles in July, according to the carmaker.

GM Korea also said it exported 82,801 complete knockdown kits of parts and components to be assembled into vehicles, down 26.8 percent from a year earlier.

For the first seven months, the carmaker sold 447,767 vehicles -- 78,507 vehicles in the domestic market and 369,260 complete vehicles in export markets -- down 4.7 percent from the same period last year.

GM Korea vowed to continue offering a series of customer-friendly promotions and marketing programs such as special benefits for South Korean customers.

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http://www.globalpost.com/dispatch/news/yonhap-news-agency/130801/gm-koreas-sales-down-238-pct-july