SEOUL, March 2 (Korea Bizwire) — Renault Samsung Motors Corp., the South Korean unit of French carmaker Renault S.A., said Friday its February sales fell 22 percent from a year earlier on weak demand at home and abroad.
Renault Samsung sold 15,994 vehicles in February, down from 20,582 units the previous year, the company said in a statement.
Domestic sales plunged 33 percent on-year to 5,353 cars last month from 8,008 units. Exports declined 15.4 percent to 10,641 from 12,574 during the same period, the statement said.
In the January-February period, the carmaker said it sold 37,841 autos, down 7.3 percent from 40,838 the previous year.
The company’s current lineup includes the SM3 compact, the all-electric SM3 Z.E. sedan, the QM3 subcompact SUV, and the SM7, SM6 and SM5 sedans.
Renault S.A. owns an 80 percent stake in Renault Samsung.