South Korea report: domestic sales fall 15% in February [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
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Source: Yahoo! Finance
from 112,258 units a year earlier, according to preliminary wholesale data released individually by the main local manufacturers. The data do not include sales by South Korea's low-volume commercial vehicle manufacturers, including Tata-Daewoo and Edison Motors, while import brands are covered in a separate report later in the month. With the prolonged Lunar New Year holidays this year falling in February, the market last month was affected by fewer working days compared with last year. The overall market remains sluggish, however, with sales in the first two months of the year falling by 3.5% to 195,798 units from 202,845 units a year earlier. The economy contracted by 0.3% quarter-on-quarter in the fourth quarter of 2025, reversing a 1.3% expansion in the third quarter, reflecting weaker investment and exports, while domestic consumption was supported by recent interest rate cuts by the central bank, from 3.5% to 2.5%. The South Korean economy expanded by just under 1% last year
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