Imported car sales in Korea keep double-digit growth

07-Aug-2018 Intellasia | Xinhuanet | 6:02 AM Print This Post

Imported car sales in South Korea kept a double-digit growth last month on demand for German luxury vehicles, industry data showed Monday.

The number of newly registered imported vehicles was 20,518 in July, up 16.4 percent from the same month of last year, according to the Korea Automobile Importers & Distributors Association (KAIDA).

During the January-July period, the number of foreign cars sold here was 160,627, up 18.3 percent compared with the same period of last year.

The best-selling model in July was German automaker Audi’s A6 35 TDI, which began to be sold here in about two years in April over the emissions-fabricating scandal.

The second-best model was Tiguan 2.0 TDI, made by Audi’s parent company Volkswagen.

German carmaker Mercedes Benz sold 4,715 vehicles here in July, keeping the top post. It was followed by German automaker BMW, which sold 3,959 vehicles last month.

European automakers had a market share of 76 percent in South Korea’s imported car market, trailed by Japanese carmakers with 15.7 percent of share and US companies with 8.2 percent, respectively.

http://www.xinhuanet.com/english/2018-08/06/c_137371014.htm

 


Category: Korea

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