Seoul: KG Mobility Corp. announced on Tuesday that its sales for February decreased by 2.6 percent compared to the same month last year, primarily due to reduced exports. The company reported selling 8,237 vehicles in February, a decline from 8,456 units sold in the previous year, including complete knock-down (CKD) units.
According to Yonhap News Agency, the company experienced a significant increase in domestic sales, which soared by 38.3 percent to 3,701 units from 2,676 units in the same period last year. However, this domestic growth was overshadowed by a sharp decline in exports, which fell by 22.6 percent to 4,356 units from 5,630 units.
A company official noted, "Strong demand for the Musso sport utility vehicle boosted domestic sales, while lower export production volumes due to fewer working days from the Lunar New Year holiday weighed on overall sales." In response to these challenges, KG Mobility plans to promote the all-new Musso pickup in the domestic market and explore new export destinations to support sales.
Despite the February decline, sales for the first two months of the year showed a 3.3 percent increase, reaching 17,073 units compared to 16,525 units in the previous year. KG Mobility's product lineup is centered around SUVs, including the Tivoli, Korando, Rexton, Actyon, and Torres models, along with the all-electric Torres EVX. The company also offers the Musso Sports, Musso Sports Khan, and the country's first pure electric pickup, the Musso EV.