October domestic sales of five Korean automakers down 3.3% YoY to 135K units
Five Korean automakers' domestic sales were as follows: 135K units (-3.3% YoY, +20% MoM). Amid expectations for an extension of consumption tax benefits, domestic sales remained solid, led by new models. Hyundai Motor Company (HYMTF) accelerated promotions for its existing models but its sales underperformed (-9.7% YoY) while Kia Motors (KIMTF) outperformed (-1.9% YoY).
Oct. new cars sales figure were as follows: Hyundai Palisade 3,087 units on output growth; G90 935 units (+20%); Sonata 10,688 (+69%), new HEV