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Imported car sales up 1.4 pct in June on Japanese models

All News 10:41 July 06, 2017

SEOUL, July 6 (Yonhap) -- Sales of imported vehicles in South Korea rose 1.4 percent last month from a year earlier on robust demand for Japanese vehicles, industry data showed Thursday.

The number of newly registered foreign vehicles rose to 23,755 in June from 23,435 a year earlier, the Korea Automobile Importers and Distributors Association (KAIDA) said in a statement.

Sales of environment-friendly Japanese vehicles jumped 21 percent to 4,733 units last month compared with a year earlier. But European car sales backtracked 4.8 percent to 16,998 units during the same period, KAIDA said.

Customers are increasingly looking to buy "greener" vehicles, such as gasoline hybrid models, as the government moves to apply stricter rules on diesel-powered vehicles and to sharply reduce the number of fine dust-emitting cars on the street in the next five years.

Lexus' ES300h model (Yonhap)

Lexus' ES300h was among the top three best-selling models, along with Mercedes-Benz's E300 4MATIC and E220d 4MATIC sedan, last month, the statement said.

In the January-June period, imported car sales were up 1.2 percent to 118,152 autos from 116,749 in the year-ago period, it said.

The share of imported vehicles in the domestic passenger car market rose to 15.47 percent from 14.64 percent a year earlier, a KAIDA spokeswoman said.


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