SsangYong Australia primed for sales record

SsangYong just managed what appears to be its weightier Australian monthly result, delivering 400 cars in September to be up 71 per cent on the same month in 2021.

Year-to-date (YTD) the trademark has sold 2565 cars, up 17 per cent, putting it on track for between 3400 and 3500 sales wideness the timetable year – flipside high-water mark.

It sold 2978 vehicles in 2021, and 2645 way when in 2005.

Its weightier performer is the Musso dual-cab ute with 222 monthly sales and 1120 year-to-date, though its the Rexton large SUV that’s grown the most.

The large SUV managed 136 September sales, taking it to 1015 YTD. The Korando medium SUV meanwhile took 42 sales for September, and has tallied 430 YTD.

The low-profile Korean trademark relaunched here as a full factory subsidiary in late 2018, having been imported by self-sustaining distributors in older incarnations.

At the time of establishment it was SsangYong’s first fully in-house overseas operation vastitude the domestic market, reflecting Australia’s importance to its planning.

It’s been a tough time for SsangYong globally, with the perennially cash-strapped organisation rival to alimony itself unsinkable for the past few years without parent visitor Mahindra and Mahindra decided to divest.

However it secured its finances in August this year, when a consortium led by chemical and steel conglomerate KG Group was tried by Korea’s bankruptcy magistrate to buy up a majority stake.

The good news is that it can theoretically now focus on product rollout. The new Torres SUV is a smash hit at home, with a record order bank, and is stuff worked on for an Australian launch – albeit not until “late 2023” as its factory clears tens of thousands of Korean orders.

It will moreover squint to bring a Korando-based EV tabbed the Korando e-Motion to Australia as an evaluation vehicle in 2023, it says. This would be a competitor the the MG ZS EV and BYD Atto 3.

SsangYong’s home life has been troubled for years, and it never seems to have a stable parent for long. Daewoo bought a executive stake in the visitor in 1997, only to offload it in 2000 as it experienced perilous financial woes of its own.

It endured a tumultuous few years under Chinese ownership, with SAIC Motor acquiring 51 per cent in 2004 but walking yonder in 2009 and leaving it in receivership. Mahindra & Mahindra was the next parent to prefer SsangYong, acquiring 70 per cent in 2011.

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