Chevrolet Korea Sales Down 40 Percent In May 2022

Chevrolet Korea sales decreased 40 percent to 2,768 units in May 2022 compared to May 2021 results.

Individual model sales performance was as follows:

During the first five months of the 2022 calendar year, Chevrolet Korea sales decreased 52 percent to 13,118 units.

Sales Results - May 2022 - South Korea - Chevrolet

MODELMAY 2022 / MAY 2021MAY 2022MAY 2021YTD 2022 / YTD 2021 YTD 2022YTD 2021
BOLT EUV* 21**80 *
BOLT EV-99.35% 2307-99.67%2 615
CAMARO+54.55% 1711+56.10%64 41
COLORADO+400.00% 32064+16.14%1,403 1,208
EQUINOX+800.00% 91-98.35%9 547
MALIBU-75.85% 57236-57.60%583 1,375
SPARK-24.29% 1,2471,647-49.91%4,535 9,053
TAHOE* 100**158 *
TRAILBLAZER-34.53% 8761,338-31.11%5,485 7,962
TRAVERSE-95.97% 12298-89.59%149 1,431
TRAX-69.52% 107351-62.12%652 1,721
CHEVROLET TOTAL-39.79% 2,7684,597-52.15%13,120 27,420

The GM Authority Take

Chevrolet Korea sales continued their downward spiral in May, accumulating 15 consecutive months of contraction as a result of ongoing supply problems caused by the global shortage of semiconductors. Besides being down on a year-over-year basis (when compared to May 2021), the performance also represents a drop month-over-month – when compared to the 2,951 new Chevys sold in April in the South Korean market. Hence, the May results set a new, sub-3K low for the Bow Tie brand.

The decline in May was caused by decreases in sales of the Spark’s two best-selling vehicles in the country – the Chevy Trailblazer and Spark. Although both were in the red on a year-over-year basis, the Trailblazer was impacted the hardest, recording a measly 876 deliveries. That resulted in the subcompact crossover losing the best-selling spot within the Chevy brand to the Spark and its 1,247 deliveries. Additionally, the Bolt EV and Traverse also saw significant declines in their respective sales volumes.

The Chevy Camaro, Colorado and Equinox were the only Chevy models that were in the green during the month. The performance of the mid-size pickup was the most impressive of the three, posting a triple-digit increase to 320 units, placing it as the third best-selling Chevrolet model in South Korea. Additionally, the new Bolt EUV and Tahoe saw their second month of registrations, with the full-size SUV posting 100 sales during its first full month on sale.

About The Numbers

  • All percent change figures compared to Chevrolet Korea sales in May 2021, unless noted otherwise
  • South Korea sales figures reflect actual vehicle registrations rather than wholesales

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.

Deivis Centeno

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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