5.5.2004
GM Daewoo doubles global sales in April

GM Daewoo's global April sales totaled 77,011 units, increasing by 108% compared with 37,025 units sold in the same month last year.

GM Daewoo's global April sales totaled 77,011 units, increasing by 108% compared with 37,025 units sold in the same month last year. The increase is mainly due to a huge increase in exports of finished cars and component kits for local assembly.

In Europe, preliminary April sales results show an increase by over 75%, reaching 14,700 units, as compared to 8,400 units in the same period last year. April sales in Spain increased by over 48%, while in Southeast Europe the growth rate was over 63% and reached over 89% in Austria.

Over the first four months of the year, GM Daewoo Europe's sales rose by over 55% from 37,050 units in the same period in 2003 to 57,500 units. Germany registered an increase of 90 % from 2,700 to 5,200 vehicles in the first four months with successful start-up operations in Scandinavia and especially in Turkey also contributing heavily to European growth. In the four Scandinavian markets sales increased from 180 units to over 1,950 from January to April. In Turkey, where GM Daewoo markets its products as Chevrolet cars, over 1,900 vehicles were sold in the first four months, 830 of them in April alone. European sales will be boosted again when GM Daewoo launches its new range of Chevrolet cars in Poland later this month.

GM Daewoo's global exports amounted to 67,645 units in April, rising 194.4% from the same month last year (22,977 units). Owing to the growth of exports to North America and Europe, GM Daewoo's April exports of finished cars soared by 182% to 36,545 units from 12,957 units the same month last year. Component kit exports reached 31,100 units thanks to a rapid increase in local assembly in China, India, Thailand, and Vietnam, rising as much as 210.4% compared with the same month last year (10,020 units).