Fastener Shanghai
Official WeChat
fastenerfastenerBuyers' Guidefastener
fastenerStandard Searchfastener
fastenerFor Buyersfastener
fastenerFor Suppliersfastener
fastenerTrade Showsfastener
fastenerMy Officefastener
fastenerPost Inquiriesfastener
Home->Fastener News->S. Korea's auto production falls in March on w...You are the 646314 visitors
Views:456   |   recommendation:   |   Votes:0   |   Discuss:0
S. Korea's auto production falls in March on weak demand at home, abroad

Automobile production in South Korea fell last month on weak demand both at home and abroad, a government report showed Wednesday.

The number of vehicles produced in domestic factories was 343,327 in March, down 5.5 percent from a year earlier, according to the Ministry of Trade, Industry and Energy.
It came as demand for locally-made cars weakened both at home and abroad. Partial strikes by workers of Renault Samsung lowered the carmaker's production by about 40 percent, contributing to the overall production fall.

Auto export declined 3.3 percent over the year to 213,736 units in March. In terms of value, the auto shipment shed 1.2 percent.

Car parts shipment lost 0.8 percent to 1.93 billion U.S. dollars on soft demand from North America and the European Union (EU).

In the domestic market, car sales went down 5.7 percent to 156,927 vehicles in the cited period on the fall in sales of imported vehicles.

Imported car sales tumbled 28.4 percent in March from a year ago, pulling down the market share of foreign luxury vehicles to 12.6 percent last month from 16.6 percent from a year earlier.

Source: Xinhua

2019/4/23 15:15:00

Previous:    China-Europe freight train cargo value surges by 106 percent
        Next:    MW Industries Announces the Acquisitions of Marox and Sussex Wire

Recent Related News
Vietnam's auto sales surge 21 pct in H1--2019-07-16
China's car sales rebound in June--2019-07-10
Vietnam's auto sales increase 22 pct in 5 months--2019-06-19
China leads global electric car market: expert--2019-06-18
Brazil's vehicle exports fall 52 pct in April--2019-05-08
German car production tumbles in second half of 2018--2019-04-15
China's passenger car sales continue to shrink--2019-04-15
Brazil's vehicle production drops 0.6 pct in first quarter--2019-04-10
German car production tumbles in second half of 2018--2019-04-10
China will continue to suspend extra tariffs on US vehicles, auto parts--2019-04-01
Japanese Automotive Fastener and Parts Maker Piolax Moves Production Due to BREXIT Woes--2019-03-28
Italian experts boost Zhejiang manufacturing--2019-03-23

Vote for this news?

fastener(Very Good)
fastener(Very Bad)

More Discuss...
Your Name: Anonymous

Enter the code shown:fastener4fastener

Fastener Trade Show Suzhou

China Fastener Directory
Get it FREE!
Get your CFD at the following shows:

•Vietnam Manufacturing Expo, Aug 14-16, 2019, Hanoi, Vietnam

•International Fastener Expo, Sep 17-19, 2019, Las Vegas, USA

•wire & Tube Southeast Asia, Sep 18-20, 2019, Bangkok, Thailand

Show Room

Offer Product

Latest News
• China sees no major manufacturing exit: top economic planner

• China to take targeted measures to implement production halts on industrial firms

Buyers' Guide
Company News

• YuYao No. 2 Standard Fastener/YuYao Biaoer: A Reliable Partner For Eyebolts

• Dongtai Huawei Standard Component Corporation Develop New Products, Target on Mid and High-End Markets

The Way to Enter Chinese Market
The Way to Enter Chinese Market