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Auto sales in Korea to retreat for 2nd year in 2017: report

2016-11-07

Automakers in South Korea is expected to face another bumpy road next year as consumers cut their spending on new vehicles amid snowballing debts and challenging economic conditions, a report said Sunday.

According to the report by Hyundai Motor Co., the country's leading automaker, domestic auto sales for next year are estimated at 1.76 million unit, lower than this year's estimated 1.8 million.


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