in[종합] 5 domestic automakers to overcome current semiconductor supply and demand shortages… Sales in August, 12.3% higher than the previous year

The sales volume of five domestic automakers (Hyundai Motors, Kia, GM Korea, Renault Korea Motors, and Ssangyong Motors) increased in August compared to the previous year. It has increased for two consecutive months following July, and the supply and demand shortage of semiconductors for automobiles, which has been the main culprit of production disruptions, has eased greatly.

According to the sales results of five domestic automakers in August this year, the total sales volume (including exports of semi-assembled products) totaled 638,744 units, an increase of 12.3% from 566,875 units in August last year. Domestic sales fell 1.1% to 105,091 units, while overseas sales increased 15.4% to 533,653 units.

All five companies posted double-digit sales growth last month. In particular, exports increased significantly, compensating for sluggish domestic sales. From July to August, the cumulative sales of five domestic and foreign companies in Shenzhen recorded 5,0225,253 units between January and August. This is a decrease of 0.8% from 5,063,527 units in the same period last year.

According to company, Hyundai sold a total of 333,794 units, including 49,224 in Korea and 285,570 overseas. This is a decrease of 3.5% domestically and an increase of 14.7% abroad compared to the same period last year. The total was an increase of 11.6% compared to the same period last year.

During the same period, Kia also continued to increase its sales to 239,887 units, including 41,404 domestic and 198,483 overseas. Compared to the same period last year, it increased by 1.0% domestically and 12.6% abroad, respectively. Overall sales increased by 10.4%. Along with Ssangyong Motor, Kia enjoyed an increase in domestic sales.

A spokesperson for Hyundai Motor Group explained, “The supply and demand of semiconductors has gradually decreased and production in local factories such as India and Indonesia has become smooth.

GM Korea sold 41,766 units (including exports of semi-assembled products), up 18.9% from the same month a year earlier. Domestic sales fell 24.3% to 3,590 units, but export sales increased 25.7% to 38,176 units.

Renault Korea Motors sold 11,622 units for domestic and export, an increase of 31.4% compared to the same period last year. Domestic demand fell 14.2% year-on-year to 3,950 units, but exports increased 80.9% to 7672 units. Exports were led by ‘XM3’, a filial model.

Ssangyong Motor sold 10,675 units, up 39.1% from the same period last year, including semi-finished assembly (CKD) exports. Domestic sales increased by 42.4% from the same month last year to 6,923 units, breaking this year’s July (6,100 units) record for highest sales in a month. Export sales volume increased by 30.5% compared to the same month last year to 3752 units, gaining momentum for business normalization. Ssangyong Motor evaluated that the increase in sales of the new car ‘Torres’ was the main contributor to the increase in August sales despite the number of working days, such as during the holiday season.

Meanwhile, Hyundai Motor’s ‘Porter’, which sold 7792 units, took first place in sales by car type in the domestic market. It was followed by Kia ‘Sorrento’ with 5,674 units, Kia ‘Bongo III’ with 5,389 units, Hyundai ‘Grandeur’ with 4606 units, and Kia ‘Carnival’ with 4535 units. The Ssangyong Torres entered the top 10 with 3,637 units sold.