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Global car sales of Hyundai Motor and Kia Motors continued a rise in May, offsetting a downbeat demand in South Korea.
Hyundai Motor logged car sales of 58,050 units in Korea and 307,451 units overseas in May, respectively, totaling 365,501 units, up 8.1 percent from a year ago - domestic sales grew a mere 0.6 percent.
The strong increase was driven by its new Santa Fe lineup, whose sales soared 307.4 percent. The best-selling car model was the Sonata with 9,236 cars sold in Korea.
Cumulative sales for the first five months of this year amounted to 1,806,080 units, up 12.9 percent from the previous year. Of this, domestic sales accounted for 268,402 units, down 5.6 percent from a year ago, while overseas sales reached 1,537,678units, up 17 percent.
Meanwhile, Kia Motors witnessed a total of 239,599 units in sales in May, 40,750 units in Korea and 198,849 units overseas, respectively. Domestic sales grew 7.2 percent but cumulative sales for the first five months fell 4.4 percent in Korea.
GM Korea’s global sales gain 4.9 pct in May GM Korea logged sale of 67,571 units of automobiles in May, marking a 4.9 percent rise compared to the same period of last year - domestic sales recorded 13,005 units while overseas sales amounted to 54,566 ones.
GM Korea has been gaining pace in the South Koran market on the growing popularity of its compact car model Spark, mid-sized car Cruze, and ALV Orlando.
GM Korea exports in May rose 12.2 percent to 54,566 units for cars fully assembled in Korea. The company’s complete knock-down (CKD) exports recorded 135,347 units in the same time period.
Accumulated sales from January to May this year added up to 335,476 units - a 0.4 percent hike from last year’s 333,980 units - Domestic sales rose 4.8 percent, while exports dropped 0.4 percent.
Mando completes construction of auto part plant in Brazil South Korea’s Mando, a leading manufacturer of anti-lock brake system (ABS), completed construction of an auto part manufacturing facility in Brazil - which can produce 500,000 units of ABS brakes annually.
Mando celebrated completing construction of its Brazilian plant at ‘Mando Corporation do Brasil’ (MCB) located in Limeira, Sao Paulo.
The MCB plant was built on a 55,520 square-meter site with a floor space of 13,200 square meters, and it can produce up to 500,000 units of ABS brakes on a yearly basis. Mando’s ABS brakes will be supplied to local car-manufacturing plants of Korean carmaker Hyundai Motor Company and US-based GM starting from September this year.
Mando had established the MCB in July 2010, and by constructing the plant, Mando has secured a foothold to penetrate into the Latin American market, which is emerging as one of the most promising car markets.
In addition, by constructing a manufacturing base in Brazil, Mando also strengthened its capacity to cover the American market and supply car components on demand.
Mando plans to double its ABS output at its MCB plant to one million units by 2016. In the mid-to long-term, Mando plans to manufacture other car components including calipers and power steering products as well as ABS brakes.
Meanwhile, the Brazilian government plans to require all vehicles to be equipped with ABS brakes starting with 2014 model vehicles.
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