Posted on 04 Jan 2008
Despite high oil prices and the strong won, Korean carmakers saw record-high exports last year.
The country’s largest carmaker Hyundai Motor said Wednesday that its vehicle sales rose 4.1 percent last year to 2.6 million units.
Domestic sales rose 7.6 percent to 625,275 units and exports climbed 3.1 percent to 1,977,047, Hyundai said in a statement.
Hyundai’s sister company and second-place Kia Motors recorded a sales rise of 8.3 percent last year to 1.36 million units.
Kia’s domestic sales inched up 0.6 percent to 272,330 units and exports jumped 10.4 percent to 1,088,461 units.
Renault Samsung Motor, the Korean unit of
Domestic sales fell 1.4 percent to 117,376 units, while exports jumped 33 percent to 54,971.
GM Daewoo Auto & Technology Co., the Korean affiliate of General Motors, had brisk sales last year of 960,186 units, up 25.2 percent.
Domestic sales rose 1.7 percent to 130,542 units and exports, including kits, climbed 29.9 percent to 829,644.
