- Sold 1,674 large passenger vehicles, posting a year-on-year increase of 86 percent
- Set to achieve performance improvements based on an increase in sales of the Chairman W and Chairman H
SsangYong Motor (CEO and President Choi Hyung-tak;www.smotor.com) announced on June 2 that it sold a total of 7,176 vehicles in May, including domestic sales and exports (including CKD).
A total of 985 units of the Chairman W and 689 units of the Chairman H were sold, posting an increase of 2.4 percent and 12.4 percent, respectively, from the previous month. Total sales of the Chairman reached 1,674 units, posting a year-on-year rise of 86 percent. SsangYong Motor announced that such an increase in the sales performance was made possible by Chairman W’s successful entry into the market of premium sedans, which are of higher class than the previous Chairman. Cumulative sales from January to the end of May this year reached 6,307 units, recording a year-on-year increase of 37.5 percent.
SsangYong Motor forecasts that this expansion in the large passenger vehicle market will help enable the company to recover from slow SUV sales, resulting from the recently soaring diesel prices, and achieve the originally targeted ratio of operating profit to revenue.
In terms of exports, sales of the Actyon Sports increased considerably. It posted a year-on-year rise of a whopping 61.2 percent. Its cumulative sales from January to the end of May reached 5,610 units, which is a year-on-year rise of 63.4 percent.
CEO and President Choi Hyung-tak said, "SsangYong Motor is somewhat facing difficulties due to external factors, such as an exponential increase in diesel prices. However, the Chairman W and Chairman H are enjoying an increase in sales in the domestic market. We will overcome the current difficulties based on aggressive export strategies and achieve the targeted ratio of operating profit to revenue in the second half of the year."