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Imported car sales dip almost 7 pct in Feb.

All News 10:20 March 07, 2016

SEOUL, March 7 (Yonhap) -- Sales of imported cars in South Korea dropped more than 6 percent in February from a year earlier as more consumers remained anxious over the credibility of overseas automobiles, industry data showed on Monday.

According to the data compiled by the Korea Automobile Importers and Distributors Association, a total of 15,671 foreign vehicles were newly registered in South Korea last month, also down 3.5 percent from a month earlier.

The association cited the fewer business days in February as well as the shortage in supply as the main causes of the decline.

Industry watchers, however, said the market's demand for foreign automobiles lost ground especially after German brand Volkswagen faced criticism for deceiving buyers about its fuel efficiency.

The combined sales during the first two months of the year also plunged 13 percent on-year to reach 31,905 units.

Mercedes-Benz topped the pack by selling 3,787 units last month, followed by BMW with 2,916, Volkswagen with 2,196, and Audi with 984 units, according to the data.

European carmakers continued to dominate the local market with 12,313 units sold, trailed by Japanese automakers and U.S. companies with 2,217 units and 1,141 units, respectively.

Despite the worldwide Dieselgate over emission cheating, the best-selling car was Volkswagen's Tiguan 2.0 TDI BlueMotion, with sales of 873 units, followed by the Benz E 220 BlueTEC with 768 units.


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