KGM Hits Highest Monthly Performance in 6 Months With Over 10,000 Sales In March

*This content was translated by AI.

KG Mobility (hereinafter referred to as KGM) sold a total of 10,4 units in March, including 4,582 domestic and 5,422 exports, exceeding the 10,000 sales mark in six months since September last year. The performance rose 5.5 percent on-year on the back of a simultaneous recovery in domestic demand and exports, with the domestic market in particular posting its biggest monthly performance in more than two years on strong sales by Musso.

Musso was the driving force behind the growth of the domestic market. Musso sold 1,854 units, up more than 30% from last month, the highest sales among all KGM models. Since its launch in January, it has exceeded 5,000 cumulative contracts until early March, accounting for more than 80% of the domestic pickup market.

On the other hand, according to the performance table in March, Korando EMOTION was the model with the lowest sales volume with only one unit sold.The export market also continued its good trend, increasing 19.5% month-on-month due to increased Torres EVX sales to the Turkiye region. To maintain this upward trend, KGM is pursuing aggressive marketing to expand customer contact points by participating in the Seoul International Sports and Leisure Industry Exhibition and holding a brand tuning festival in the domestic market.Steps to target the global market are also being materialized.

Meanwhile, KG Group has signed a deal to acquire K-Car, a domestic used car company, with Cactus PE. KG Group's acquisition of K-Cars is drawing attention from the industry that it is a merger and acquisition between new and used car platform companies. Now, KG Group is in a position to build a comprehensive mobility ecosystem that encompasses new car sales and used car platforms.

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*This content was translated by AI.