Renault Korea's April sales down 1.4% on weak exports
Grand Koleos SUV / Courtesy of Renault Korea Motors
Renault Korea Motors, the Korean unit of Renault S.A., said Friday its sales fell 1.4 percent in April from a year earlier due to weaker exports.
Renault Korea sold 10,427 vehicles last month, down from 10,572 units a year earlier, due to sluggish overseas demand, the company said in a press release.
Domestic sales nearly tripled to 5,252 units from 1,780 during the cited period, while exports plunged 41 percent on-year to 5,175 units from 8,792.
"Strong sales of the midsize Grand Koleos sport utility vehicle (SUV) and the coupe-style Arcana SUV (formerly known as the XM3) buoyed domestic results last month," the company said.
From January to April, total sales rose 8.1 percent to 28,599 units from 26,453 in the same period last year.
Domestic sales more than doubled to 18,850 vehicles from 7,271, while exports declined 49 percent to 9,749 from 19,182.
Renault Korea's product lineup consists of the SM6 midsize sedan, QM6 sport utility vehicle, Grand Koleos SUV, Arcana SUV and the Master minivan.