(January 3, 2011) SEOUL, South Korea — GM Daewoo Auto & Technology announced today that in December it sold 14,313 vehicles in Korea and exported 56,835 vehicles, for total monthly sales of 71,148 vehicles.

Buoyed by its best monthly sales of the year in December, GM Daewoo’s domestic sales in December jumped 14.0 percent to 14,313 vehicles from 12,553 vehicles in November 2010.

“Our rise in domestic sales was driven by strong demand for the Matiz Creative mini-car and the new model year version of the Lacetti Premiere. December was the best month of the year for the Matiz Creative since its launch in 2009, with sales of 7,329 vehicles,” said Ankush Arora, GM Daewoo Vice President of Vehicle Sales, Service and Marketing.

“In addition, domestic demand continued to grow for the new Alpheon world-class luxury sedan, which we launched in September,” said Arora. “GM Daewoo also profited from a series of aggressive sales promotions such as the Best Residual Value Guarantee Program.”

The Matiz Creative mini-car
strong seller in South Korea
for GM Daewoo

GM Daewoo’s exports in December of 56,835 vehicles were up 10.6 percent compared with the same month in 2009. Exports of complete knockdown (CKD) kits of parts and components in December increased 14.3 percent year on year to 103,551 kits.

GM Daewoo had domestic and export sales of 1,842,374 units in 2010, which was up 19.9 percent year on year.

GM Daewoo’s domestic sales for 2010 as a whole were up 9.5 percent to 125,730 vehicles from 114,845 vehicles in 2009. Sales of the Matiz Creative jumped 75.3 percent to sales of 59,009 vehicles in 2010. Positive demand for the Alpheon, GM Daewoo’s newest model, and the Lacetti Premiere also had a significant impact on annual sales.

Exports of complete vehicles in 2010 by GM Daewoo increased 35.0 percent to 625,723 vehicles from 463,620 vehicles in 2009. GM Daewoo was the beneficiary of the recovery of the global economy and the strong demand for its global products such as the Matiz Creative, the Gentra and Gentra X, and the Lacetti Premiere in both the emerging markets of Eastern Europe, South America and East Asia and the mature markets of North America and Western Europe.

Exports of complete knockdown (CKD) kits of parts and components for 2010 as a whole were up 13.9 percent to 1,090,921 kits from 958,033 kits in 2009.