GM Korea Domestic Vehicle Sales Rise 27.5% in November

The highest monthly total since the launch of Chevrolet brand in Korea

News provided by
GM Korea Company
December 03, 2012 14:04 Korea Standard Time

SEOUL--(Korea Newswire)--GM Korea Company announced today that it sold 13,768 vehicles in Korea and exported 62,048 vehicles in November, for total monthly sales of 75,816 vehicles.

The company’s domestic sales were up 27.5 percent from 10,798 vehicles sold in November 2011. GM Korea set the new record for its monthly domestic sales since the launch of Chevrolet brand in Korea last year.

This reflected strong market demand for several Chevrolet products, including the 2013 Cruze, 2013 Orlando and Spark.

Exports of complete vehicles in November increased 4.3 percent year on year. GM Korea also exported 95,078 complete knockdown (CKD) kits of parts and components to be assembled into vehicles.

“GM Korea domestic sales in November were all-time high in 23 months, and we are on track to meet our sales targets for the year,” said Ankush Arora, GM Korea Vice President of Vehicle Sales, Service and Marketing. “We expect sales to continue growing in the final month as a result of the refreshed 2013 Spark, which will soon start to sell, as well as 10th Anniversary sales promotions and the Korean government’s reduction of the individual Consumer Tax until the end of 2012.”

For the first 11 months of 2012, GM Korea recorded total sales of 722,989 vehicles. Domestic sales increased 3.4 percent to 131,423 vehicles from 127,091 vehicles in the year-ago period. Exports declined 3.5 percent year on year to 591,566 vehicles.

In addition, GM Korea exported 1,173,149 CKD products in the first 11 months of 2012.

About Chevrolet
Founded in Detroit in 1911, Chevrolet offers products that are sold in more than 140 countries. Chevrolet provides consumers with fuel-efficient, safe and reliable vehicles that deliver high quality, expressive design, spirited performance and value. The Chevrolet portfolio in Korea includes the iconic Camaro performance car and award-winning passenger cars and crossovers such as the Spark, Aveo, Cruze, Malibu, Orlando and Captiva. More information regarding Chevrolet models and its market-leading warranty can be found at www.chevrolet.co.kr.

About GM Korea Company
GM Korea Company is Korea's third-largest automotive company. With headquarters in Incheon, Korea, it operates five manufacturing facilities in Korea as well as an assembly facility in Vietnam. In addition, the GM Korea Design Center and Engineering Center are developing products for GM on a global basis. GM Korea employs about 17,000 people in its core automotive business. In 2011, it sold 140,705 vehicles in Korea and exported more than 1.9 million complete vehicles and vehicle kits.

Website: http://media.gm-korea.co.kr

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This is a news release distributed by Korea Newswire on behalf of this company.