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Imported car sales fall in May on lower diesel model demand

All News 10:11 June 07, 2017

SEOUL, June 7 (Yonhap) -- Sales of imported vehicles in South Korea fell 0.5 percent last month from a year earlier on lower demand for diesel models, industry data showed Wednesday.

The number of newly registered foreign cars fell to 19,380 in May from 19,470 a year earlier, the Korea Automobile Importers and Distributors Association (KAIDA) said in a statement.

Sales of diesel-powered vehicles fell 19 percent to 9,952 units last month from 12,238 units a year earlier, it said.

"South Korean customers bought fewer diesel models as the government plans to reduce fine dust emissions by reducing the operations of diesel vehicles, a major culprit of fine dust pollution," a KAIDA spokesman said.

In the January-May period, imported car sales rose 1.2 percent to 94,397 from 93,314 on-year, the statement said.

The share of imported vehicles in the domestic passenger car market rose to 14.7 percent in May from 13.61 percent a year earlier, KAIDA said.

Imported car sales fall in May on lower diesel model demand - 1


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