South Korean car companies' production and sales declined last year for three consecutive years
The Korea Ministry of Industry, Trade and Industry recently announced the relevant data on the production, domestic sales and export of the Korean automobile industry in 2018. The data shows that the output and sales volume of Korean car companies have declined year-on-year last year, and have declined for three consecutive years. Statistics show that due to the decline in domestic sales and exports and the suspension of production at some of GM's Korean plants, South Korean auto production in 2018 decreased by 2.1% year-on-year to 4.029 million units; automobile exports amounted to 2.449 million units, down 3.2% year-on-year. From the perspective of export regions, exports of Korean car companies to Europe and Africa increased year-on-year, especially for Eastern Europe and African countries, which increased by 39.6% and 45.8% respectively. However, exports to North America, the Middle East, Central and South America, and Asia all declined to varying degrees, resulting in a decline in overall exports. In terms of models, the export volume of compact, medium and CDV models (cars based on car platforms) has dropped significantly. Affected by the reduction in demand for multiple models, sales of Korean car companies in the country also fell by 0.7% year-on-year to 1.532 million units. Led Icicle Light,Icicle Christmas Lights,Led Curtain Icicle String Lights,Multicolor Icicle Lights Tianjin Jinji Optoelectronic Technology Co., Ltd. , https://www.jinjiled.com