Renault Samsung Lowers Car Prices Amid Drop in Sales

  • By Kim Seong-min

    June 04, 2018 09:36

    Renault Samsung slashed the prices of its SM3 series of compact sedans by up to W1.15 million to under W20 million, the carmaker said on Sunday (US$1=W1,075).

    The price of its top of the range RE model has been lowered from W20.4 million to W19.65 million, while other models are also offered at lower prices.

    The price cut is mainly due to declining sales. The carmaker sold a mere 213 units of the SM3 in Korea in May.

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