Industry
Sales of compact SUVs hit record high in May
June 5, 2016
Compact sports utility vehicles (SUVs) have gained popularity among younger customers in Korea as local automakers have released a series of fashionable, fuel-efficient models to grab a bigger chunk of the quickly growing market, industry data showed Sunday. A total of 10,216 compact SUVs made by Korean automakers were sold in May, soaring 56.1 percent from a year ago, data by the companies showed. The latest figure broke the previous monthly record of 10,044 in December.Since GM Korea Co. relea