Korea’s imported car sale posts double-digit growth in May

04-Jun-2020 Intellasia | Xinhua | 6:02 AM Print This Post

South Korea’s imported car sale posted a double-digit growth last month on the back of strong demand for German luxury brands, industry data showed Wednesday.

The number of imported vehicles sold here was 23,272 in May, up 19.1 percent from a year ago, according to the Korea Automobile Importers & Distributors Association (KAIDA).

German automaker Mercedes-Benz ranked first by selling 6,551 vehicles in May, up 7.5 percent from a year earlier.

It was followed by German carmaker BMW that sold 4,907 vehicles last month, up 45.0 percent from a year ago.

German carmakers Audi and Volkswagen came next with 2,178 vehicles and 1,217 vehicles sold here respectively.

The sale of European and the US brands soared in double figures last month, but the sale of Japanese cars tumbled 62.1 percent as the campaign continued here to boycott Japanese products amid the ongoing trade spat between South Korea and Japan.

The car sales here by Lexus, Toyota, Nissan and Honda all dropped in double digits last month.

http://www.xinhuanet.com/english/2020-06/03/c_139111054.htm

 


Category: Korea

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