Assessment of Production in South Korea (PC+LUV) for the first 6 months of 2015
- In the first half of 2015, production (PC + LUV) in South Korea reached 2.32 million units, a stable volume (+ 0.6%) compared to the same period last year (2.31 million units). The production of passenger cars (PC) remained stable at 2.14 million units while those of light utility vehicles (LUV) fell by 20% to 168 000 units.
- By group, the production of Hyundai-Kia remains the highest and accounts for 79% of the total volume produced in Korea (against 80% in 2014). Followed by GM with the Chevrolet brand (13% of the Korean production), Renault-Nissan with the Samsung brand (5% of the Korean production) and Mahindra with the SsangYong brand (3% of the Korean production).
- Among these four groups operating in the country, only Renault-Nissan increased its production volume this year, solely thanks to the Nissan Rogue whose production began on Korean assembly lines. This vehicle sold mainly in North America suffered from a lack of capacity in both Japan and the United States. The relative failure of Samsung models has been miraculously compensated by the arrival of a Nissan model on the Samsung site.
- By model, the four most produced models are _ manufactured by the leading group, Hyundai-Kia with the Hyundai Elantra / Avante (162 000 sales), Hyundai Verna / Accent (146 000 sales), Kia Picanto / Morning (129 000 sales) and Hyundai Santa Fe (123 000 sales) that benefit from significant export volumes, which is not the case of the Porter or the Sonata for example.
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