[THE INVESTOR] Renault Samsung Motors said on June 1 its May sales fell 22 percent from a year earlier due to weaker demand for its vehicles.

The firm sold 16,101 vehicles last month, down from 20,517 units a year earlier, the company said in a statement.

Domestic sales dropped 20 percent on-year to 7,342 units last month from 9,222 units. Exports also declined 23 percent to 8,759 from 11,295 during the same period, the statement said.

In the January-May period, overall sales fell 4.6 percent on-year to 104,097 autos from 109,080, it said.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)