KG Mobility May Sales Drop to 8,188 Units, Down from Previous Month and Year-ago Period

*This content was translated by AI.

KG Mobility provisionally disclosed on the 1st that it sold a total of 8,188 units in May, including 3,318 units in the domestic market, 4,840 units in exports, and 30 units of semi-knocked-down (CKD) products.

May sales fell 13.9% to 8,188 units from 9,512 units in the previous month and decreased 10.0% compared to 9,100 units in the same period last year. The monthly sales decline was temporarily attributed to the global economic slowdown and adjustments in export volumes.

In the domestic market, 3,318 units were sold, representing a slight decrease of 1.9% from 3,382 units in the previous month and 6.8% from 3,560 units in the same period last year. Exports of fully built vehicles totaled 4,840 units, down 18.5% from the previous month and 9.7% from the same period last year, marking a significant decline. Exports of semi-knocked-down (CKD) products amounted to only 30 units.

Cumulative sales from January to May this year reached 44,777 units, a 1.7% increase compared to 44,041 units in the same period last year. This cumulative growth was primarily driven by the domestic market.

On a five-month cumulative basis, domestic sales totaled 18,169 units, up 18.8% from the same period last year. Although cumulative exports declined by 7.6% during the same period, the growth in domestic sales supported overall performance.

A KG Mobility official stated, "While May results showed a slowdown in both domestic and export sales on a monthly basis, cumulative performance continues to exceed last year's levels, supported by the recovery in the domestic market."

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*This content was translated by AI.