GM Daewoo delivers 77373 vehicles in July 2008

GM Daewoo sold 12,611 vehicles in Korea and exported 64,762 vehicles in July, for total monthly sales of 77,373 vehicles.

GM Daewoo’s domestic vehicle sales in July increased 20.7 percent from 10,451 vehicles in July 2007, while the automaker’s exports in July decreased 17.4 percent from the 78,379 vehicles exported in the same month last year.

In July, GM Daewoo also exported 82,867 complete knockdown (CKD) kits of parts and components to be assembled into vehicles.This represented a decrease of 2.5 percent from the same month last year.

July vehicle sales were affected by a short-term suspension of production due to sporadic work stoppages in the run-up to 2008 labor negotiations and a shortage of vehicle tires due to a contract dispute with tire suppliers.

For the first seven months as a whole, GM Daewoo sold in Korea and exported 579,645 vehicles.Its output climbed 1.5 percent from the same period in 2007, when it sold domestically and shipped 570,985 vehicles.

Domestic sales totaled 80,720 vehicles in the first seven months of 2008, which represented an increase of 1.1 percent from 79,855 vehicles sold in Korea in the same period last year, while exports of the automaker rose 1.6 percent to 498,925 vehicles from 491,130 vehicles exported in the first seven months of 2007.

In the first seven months, GM Daewoo also exported 657,230 CKD kits.This represented an increase of 21.6 percent from the same period last year.

Source: Infibeam.com

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