South Korea new car sales february 2012

South Korea new car sales february 2012 ; Overall sales at South Korea's five car makers rose 28% in February from a year earlier as an increase in overseas sales offset weak domestic sales, but the outlook for the rest of the year remains uncertain given tough global economic conditions.

Hyundai Motor Co. (005380.SE), Kia Motors Corp. (000270.SE), GM Korea Co., SsangYong Motor Co. (003620.SE) and Renault Samsung Motors Corp. sold 689,915 vehicles, up from 537,631 units a year earlier, according to data released from these companies.

Their combined domestic sales climbed 5.6% to 112,905 units last month from 106,934. February exports soared 34% to 577,010 units from 430,697 units.

Hyundai and Kia, which together form the world's fifth-largest car maker by sales, sold more cars than the rest in February, helped by solid overseas sales of higher-end models including the Sonata and Optima sedans.

Hyundai's February exports climbed 33% on year to 307,332 units, while its domestic sales gained 8.6% to 53,647 units. Kia's exports soared 45% to 200,112 units but domestic sales inched up 2.5% to 40,012 units during the same period, the companies said.

GM Korea saw its total sales rise 15% to 62,959 units and SsangYong Motor posted a 31% on-year rise in total sales to 8,866 units. However, Renault Samsung suffered a 2.4% fall in total sales to 16,987 units due to a sharp decline in local sales.

Month-on-month, their combined sales were up 11% from 618,853 units sold in January.

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