New Delhi, Nov 3 (NationPress) South Korea's leading automotive manufacturers, such as Hyundai Motor, Kia Corp., and GM Korea, have reported a significant decline in their sales for October, attributed to the limited working days during the Chuseok holiday and disruptions in production.

Recent industry statistics revealed a downward trend across prominent carmakers, with KG Mobility being the sole exception, achieving a slight increase due to heightened demand in international markets.

Hyundai Motor Co., recognized as South Korea's largest automaker, announced that its global sales saw a decrease of 6.9 percent compared to the previous year, primarily impacted by the reduced working days during the Chuseok holiday.

Hyundai sold 351,753 vehicles in October, a drop from 377,917 units in the same month last year, according to their official release.

Domestic sales plummeted 17.1 percent to 53,822 units, while overseas sales fell by 4.8 percent to 297,931 vehicles, as reported by Yonhap news agency.

Kia Corp., South Korea's second-largest automaker, noted a 0.5 percent decline in sales for October year-on-year, primarily due to a drop in domestic sales.

Kia, a subsidiary of the leading industry player Hyundai Motor Co., sold 263,904 vehicles in October, down from 265,344 units in the same period last year, as stated in their press release.

Domestic sales fell 13.1 percent to 40,001 units, while exports increased by 2.1 percent to 223,014 vehicles compared to 218,389 in the same timeframe.

GM Korea Co., the South Korean branch of General Motors Co., reported a staggering decline of 20.8 percent in its monthly sales for October compared to the previous year, largely due to production losses stemming from this year's wage negotiations.

The company sold 39,630 vehicles last month, a decrease from 50,021 units the previous year, as stated in their release.

Domestic sales decreased by 39.5 percent to 1,194 units from 1,974, while exports dropped 20 percent to 38,436 vehicles, down from 48,047.

Renault Korea Motors, the South Korean division of France's Renault S.A., reported a 42 percent drop in sales for October compared to the previous year, attributing this decline to weakened demand for its models.

The company sold 7,201 vehicles last month, a reduction from 12,456 units in the same month a year prior, as stated in their press release.

Domestic sales fell by 40 percent to 3,810 units from 6,395, and exports tumbled 44 percent to 3,391 vehicles from 6,061 during the specified period.

In contrast, KG Mobility Corp.

The South Korean automaker sold 9,517 vehicles in October, reflecting a 2.9 percent increase from 9,245 vehicles sold in the same month last year, according to their official release.