S. Korea’s global auto sales in August lowest since 2009

S. Korea’s global auto sales in August lowest since 2009


South Korean automakers saw their lowest sales
in seven years last month . According to the Korea Automobile Manufacturers
Association… global sales of domestically produced vehicles in August came to about
251-thousand… the lowest since August 2009. That’s just 65-percent of last year’s average
monthly sales of 3-hundred eighty-thousand. The decline was attributed to labor strikes
at Hyundai, Kia and GM Korea… as well as special consumption tax cuts on new vehicle
purchases that came to an end back in June.

About the Author: Michael Flood

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