Sales of the five Korean auto companies drop by 21% amid a shortage of chips

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Sales of the five South Korean automakers fell 21% last month, compared to the same month last year, auto industry data showed on Friday, as global chip shortages and the coronavirus pandemic continued to affect auto production and sales.

According to KCNA, the five South Korean automakers — Hyundai Motor, Kia, General Motors Korea, Renault Samsung Motors and SsangYong Motor — sold a total of 539,236 vehicles in September, down from 679,669 cars in the same month last year, according to the data.

The data indicated that the domestic sales of the five companies decreased by 34% to 91,790 units last month, compared to 138,530 units in the same month last year, and their overseas sales declined by 17% to 447,446 units, compared to 541,139 units.

Source: A.S.A

The article was written in the Al Borsa newspaper, which was written in the Al Borsa newspaper.