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Chevrolet Korea Sales Decreased 23 Percent In October 2019

Chevrolet Korea sales decreased 23 percent to 6,394 units in October 2019 compared to October 2018 results.

Individual model sales performance was as follows:

During the first ten months of 2019 calendar year, Chevrolet Korea sales decreased 19 percent to 60,328 units.

Sales Results - October 2019 - South Korea - Chevrolet

MODELOCT 2019 / OCT 2018OCTOBER 2019OCTOBER 2018YTD 2019 / YTD 2018 YTD 2019YTD 2018
BOLT EV+3,664.71% 64017-36.27%3,003 4,712
CAMARO+62.50% 138-5.13%148 156
COLORADO* 143**143 *
DAMAS-21.90% 271347-9.21%2,859 3,149
EQUINOX-24.87% 142189+71.06%1,791 1,047
IMPALA+48.35% 13591-52.86%576 1,222
LABO-18.26% 273334-11.53%2,853 3,225
MALIBU-62.71% 7231,939-24.91%10,199 13,582
SPARK-20.16% 2,9793,731-7.28%28,420 30,651
TRAX-37.68% 9711,558+7.47%10,117 9,414
CHEVROLET TOTAL-22.71% 6,3948,273-19.13%60,328 74,595

The GM Authority Take

The double-digit decrease in Chevrolet Korea sales in October 2019 represents the sixth consecutive decline, accentuating the negative trend of GM’s primary brand in the South Korean market. In fact, Chevrolet sales decreased during eight of the first ten months of 2019, only increasing in March and April. This state of events describes why the year-to-date sales are lower than those obtained by the brand during the same period of 2018.

All locally-manufactured Chevrolet models suffered significant drops in October sales volumes, while each of the lower-volume imported models managed to increase deliveries. The most affected nameplates were the Malibu and Trax, with declines of 63 and 38 percent, respectively. On the positive side, the huge increase in Bolt EV sales during the month is particularly noteworthy, as it marks the second-best monthly sales performance of the year after the 650 deliveries recorded in March.

For its part, the Chevrolet Colorado sold its first 143 units in South Korea last month, when it officially went on sale in the market. The midsize pickup truck is part of GM’s offensive to help its struggling business in the South Korean market, which also includes the introduction of the Traverse in November followed by the all-new Chevrolet Trailblazer in early 2020.

About The Numbers

Further Reading & Sales Reporting

Deivis is an engineer with a passion for cars and the global auto business. He is constantly investigating about GM's future products.

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Comment

  1. I ordered a 2020 equinox back 9-23-19, order number XHFX22 and I keep on checking on it, but I am told that it has not even gone into production yet.
    I know that they hade a strike , but I would like to get in on the sale now. after all it’s been over 10 weeks.

    Reply

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