Korean carmakers' auto output and exports increase in May
- 5 years ago
South Korean carmakers' production and exports increased for the second consecutive month in May.
Trade Ministry data shows 366-thousand cars were made in May, an on-month jump of four percent thanks to new car production and one more working day.
Exports increased six percent on-year, thanks to solid sales of eco-friendly cars and SUVs in North America despite poor sales in Europe.
Domestic car sales dropped more than 2 percent on-year due to sluggish sales of imported cars.
Trade Ministry data shows 366-thousand cars were made in May, an on-month jump of four percent thanks to new car production and one more working day.
Exports increased six percent on-year, thanks to solid sales of eco-friendly cars and SUVs in North America despite poor sales in Europe.
Domestic car sales dropped more than 2 percent on-year due to sluggish sales of imported cars.