Chevrolet Korea Sales Grew 63 Percent In October 2022
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Chevrolet Korea sales increased 63 percent to 4,070 units in October 2022 compared to October 2021 results.
Individual model sales performance was as follows:
- Chevrolet Bolt EUV sales totaled 908 units
- Chevrolet Bolt EV sales totaled 199 units
- Chevrolet Camaro sales decreased 100 percent to 0 units
- Chevrolet Colorado sales increased 14.38 percent to 167 units
- Chevrolet Equinox sales totaled 135 units
- Chevrolet Malibu sales decreased 58.98 percent to 105 units
- Chevrolet Spark sales decreased 17.88 percent to 882 units
- Chevrolet Tahoe sales totaled 26 units
- Chevrolet Trailblazer sales increased 95.12 percent to 1,360 units
- Chevrolet Traverse sales decreased 16.13 percent to 260 units
- Chevrolet Trax sales totaled 28 units
During the first ten months of the 2022 calendar year, Chevrolet Korea sales decreased 32 percent to 33,340 units.
Sales Results - October 2022 - South Korea - Chevrolet
| MODEL | OCT 2022 / OCT 2021 | OCTOBER 2022 | OCTOBER 2021 | YTD 2022 / YTD 2021 | YTD 2022 | YTD 2021 |
|---|---|---|---|---|---|---|
| BOLT EUV | * | 908 | * | * | 1,859 | * |
| BOLT EV | * | 199 | 0 | -37.40% | 636 | 1,016 |
| CAMARO | -100.00% | 0 | 10 | -9.76% | 74 | 82 |
| COLORADO | +14.38% | 167 | 146 | -28.27% | 2,418 | 3,371 |
| EQUINOX | * | 135 | 0 | +65.52% | 912 | 551 |
| MALIBU | -58.98% | 105 | 256 | -45.70% | 1,389 | 2,558 |
| SPARK | -17.88% | 882 | 1,074 | -38.81% | 9,856 | 16,107 |
| TAHOE | * | 26 | * | * | 347 | * |
| TRAILBLAZER | +95.12% | 1,360 | 697 | -23.26% | 13,039 | 16,992 |
| TRAVERSE | -16.13% | 260 | 310 | -45.07% | 1,570 | 2,858 |
| TRAX | * | 28 | 0 | -42.10% | 1,238 | 2,138 |
| CHEVROLET TOTAL | +63.26% | 4,070 | 2,493 | -32.18% | 33,340 | 49,156 |
The GM Authority Take
Not only were Chevrolet Korea sales in the green during October, they also represented a higher growth rate compared to the four percent increase in September. In fact, those September results represented Chevy’s first positive monthly performance in 18 months in the local market, making October the second consecutive month of sales gains. Additionally, the 63 percent increase is equivalent to slightly over 1,500 more sales during the month on an annual basis.
The Bow Tie brand’s strong performance in South Korea during October was fueled by healthy increases in sales of the Chevy Trailblazer and Colorado, as well as incremental sales gains from the all-electric Chevy Bolt range, which are seeing an outstanding level of acceptance in the Asian country. In fact, the Trailblazer posted its first sales increase in months, solidifying its position as the brand’s best-selling vehicle, as well as the only one with a four-figure uptick.
However, it was the Chevy Bolt EUV that recorded the biggest impact on the brand’s overall surge in October, setting a new sales record of 908 deliveries. This enabled the Bolt EUV to overtake the Chevy Spark as Chevrolet’s second most popular model in October. In addition, this result is one of the highest figures that an imported vehicle has been able to achieve in the South Korean market in the history of GM Korea.
About The Numbers
- All percent change figures compared to Chevrolet Korea sales in October 2021, unless noted otherwise
- South Korea sales figures reflect actual vehicle registrations rather than wholesales
Further Reading & Sales Reporting
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