EWY - Korea Auto: November Domestic Shipments And Wholesale Volumes
November domestic sales of five Korean automakers down 2.5% YoY to 136K units
Korea's five automakers’ November domestic sales totaled 136K units (-2.5% YoY, +1.1% MoM). Domestic sales remained brisk led by new models such as Grandeur F/L, Palisade, Sonata, K7, Seltos, and Mohave. The average domestic sales growth of Korea’s five automakers was -2.5% but Hyundai (-1.5%) and Kia (- 0.2%) outperformed. November new car sales by model: Hyundai Palisade (4,137 units), Grandeur (10,407 units, +2.1%), G90 (1,086 units, +23%), Sonata (8,832 units, +65.5%, 6,751 units including new HEVs), Kia K7 (6,000 units, +26.6%),