Seoul: GM Korea Co., the South Korean arm of General Motors Co., announced a 6.3 percent decrease in sales for April compared to the same month last year, attributing the downturn to a drop in demand for its vehicles. The company reported sales of 41,644 vehicles in April, down from 44,426 units sold during the same period the previous year, as stated in a company press release.
According to Yonhap News Agency, GM Korea experienced a significant decline in domestic sales, which fell by 42 percent year-on-year to 1,326 units from 2,297. The export figures also showed a decrease, with a 4.3 percent drop to 40,318 units from 42,129.
In the first four months of the year, GM Korea's total sales fell 9.1 percent to 154,161 units, compared to 169,638 units sold in the same period last year. The company's domestic sales suffered a 41 percent decline, dropping to 5,434 units from 9,216, while exports decreased by 7.3 percent to 148,727 units from 160,422.
GM Korea operates a two-track strategy in South Korea, the fourth-largest economy in Asia, by selling both domestically assembled and imported vehicles. The current lineup includes two locally assembled models, the Trailblazer SUV and the Trax Crossover, alongside two imported models, the Colorado pickup and the GMC Sierra Denali pickup.