S.Korea domestic car sales seen down 10 pct in '09

Newswire

SEOUL, Nov 27 (Reuters) - South Korea's domestic car sales next year are expected to fall about 10 percent as a global recession hits Asia's fourth-largest economy, a private industry group said on Thursday. The Korea Automobile Manufacturers Association (KAMA), whose members include the country's top automaker Hyundai Motor Co , said that local car sales in 2009 were likely to sink to about 1.1 million vehicles from an expected 1.2 million this year. "The local auto industry has ...

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