The global auto industry has seen sales down for twelve months in a row now its worst performance since the global financial crisis.
According to the Korea Automobile Manufacturers Association, around seven-point-two million cars were sold worldwide in August,... a three-point-nine percent decrease from a year earlier.
The main reason, it said, was weak demand in emerging economies such as China and India.
For the year, UK researchers at LMC Automotive estimate total sale through August at 59 million, an on-year drop of 5-point-9 percent.
The figures don't bode well for Korean carmakers, which rely heavily on exports.