South Korean automakers to post 2.4% sales rise

Two brands under the Hyundai Group, Renault-Samsung and General Motors Daewoo Auto & Technology Co. (GMDAT), have all witnessed impressive sales performance in the South Korean market. The growth in demand for the past few months has led IHS Global to predict that overall vehicle sales will rise by just 0.6% year-on-year, although the domestic passenger car market will see an increase of 2.4% this year.SouthKorean automakers are expected to account for around 1,151,443 units of light vehicle sales this year, an overall increase of 2.4% year-on-year from 2008. (September 2, 2009)