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Market Chatter: Renault Korea Motors Sales Plunge 40% in May

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Renault Korea Motors' vehicle sales dropped by 40% year over year in May, due to weaker domestic and global demand, Yonhap News reported Monday.

The South Korean unit of France's Renault sold 5,913 vehicles in May, the report said.

Domestic sales declined by 31% in May to 2,893, while overseas sales dropped by 47% to 3,020 units, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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