BUSINESS

Renault Samsung launches upgraded SM5 sedan without price hikes

By Yonhap
  • Published : Sept 11, 2017 - 15:30
  • Updated : Sept 11, 2017 - 15:30

Renault Samsung Motors Corp. has launched an upgraded SM5 sedan but didn't raise the price in order to boost sales, the company said Monday.

The SM5 midsize sedan powered by a 2.0-liter gasoline engine has been a long-running best seller for the South Korean unit of French carmaker Renault S.A. in the past 20 years.

The SM5 is priced at 22 million won ($19,500) in the domestic market. 


Renault Samsung Motor`s upgraded SM5 sedan (Photo courtesy of Renault Samsung) (Yonhap)

Last week, Renault Samsung added the gasoline version of its flagship QM6 sport-utility vehicle to its domestic lineup. The carmaker set the price of the SUV model at a "reasonable" 26 million won.

In the January-August period, Renault Samsung sold a total of 178,659 vehicles, up 13 percent from 157,654 units a year earlier.

The company's lineup also includes the SM3 compact, the all-electric SM3 Z.E. sedan, the QM3 subcompact SUV, and the SM7 and SM6 sedans.

Renault S.A. owns an 80 percent stake in Renault Samsung. (Yonhap)