Korea's Number Five Car Producer has High Hopes
Renault Samsung, the smallest of South Korea’s five car manufacturers, has topped GM Daewoo Auto and Technology and Ssangyong Motor in quarterly sales in the domestic market.
Renault Samsung was the only Korean carmaker that saw home sales grow during the January-March period compared to last year.
According to Korea Times, Renault Samsung plans to expand its market share in South Korea to 23.4 percent and increase sales by 23.3 percent to 105,000 cars this year. Last year, it sold 85,098 cars, accounting for 9.3 percent of the Korean market.
In Korea, opinions are divided on whether Renault Samsung will be able to keep its newfound form.
Auto experts agree that its strong alliance with Japan’s Nissan helped the carmaker get to where it is today, but the inability to produce a model of its own is its Achilles’ heel.
Despite some skepticism, Renault Samsung is positive about its past and is preparing to challenge Hyundai Motor and Kia Motors, who control a combined 70 percent of market.
Renault Samsung was the only Korean carmaker that saw home sales grow during the January-March period compared to last year.
According to Korea Times, Renault Samsung plans to expand its market share in South Korea to 23.4 percent and increase sales by 23.3 percent to 105,000 cars this year. Last year, it sold 85,098 cars, accounting for 9.3 percent of the Korean market.
In Korea, opinions are divided on whether Renault Samsung will be able to keep its newfound form.
Auto experts agree that its strong alliance with Japan’s Nissan helped the carmaker get to where it is today, but the inability to produce a model of its own is its Achilles’ heel.
Despite some skepticism, Renault Samsung is positive about its past and is preparing to challenge Hyundai Motor and Kia Motors, who control a combined 70 percent of market.
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