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KOREA'S H2 DOMESTIC CAR SALES EXPECTED TO RISE 6.8 PCT.
SEOUL, June 2 Asia Pulse - Domestic sales by South Korean carmakers are expected to increase nearly 7 per cent in the second half despite unfavorable conditions such as sky-high oil prices, a private think tank said Sunday.
Total sales by industry leader Hyundai Motor Co. (KSE:005380) and four other players are likely to climb 6.8 per cent to 689,000 units in the July-December period, the Korea Automotive Research Institute predicted in a report.
The solid second-half gain will be powered by the rollout of various new models and strong demand for new cars from motorists who own old vehicles, said the institute affiliated with Hyundai Motor.
According to the report, sales of minicars and subcompact cars are likely to slow down in the ...
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- Hyundai Motor's Tucson seen as S. Korea's best-selling car in 2005.
- News wire article from: YON - Yonhap News Agency of Korea December 27, 2005 700+ words
...11 months of 2005, Hyundai Motor, South Korea's No...957 units. At home, Hyundai Motor struggled to sell the Tucson because of higher oil prices, but the model gained...North American market. Hyundai Motor's Avante XD compact...
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...PRNewswire/ -- Hyundai Motor America today announced...of record-setting oil prices and a sluggish economy...said Dave Zuchowski, Hyundai Motor America's vice president...assistance protection. Hyundai Motor America, headquartered...
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- News wire article from: YON - Yonhap News Agency of Korea August 26, 2005 700+ words
...feasible, given high oil prices and the sluggish...the strike, given Hyundai Motor union's staging...company blames high oil prices, but the oil prices actually don't mean a bad situation for Hyundai Motor. It is now having...
Source: HighBeam Research, KOREA'S H2 DOMESTIC CAR SALES EXPECTED TO RISE 6.8 PCT.