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Imported car sales down 13.7 pct in January

All Headlines 10:52 February 08, 2019

SEOUL, Feb. 8 (Yonhap) -- Sales of imported vehicles in South Korea declined by more than 10 percent in January from a year earlier due to typically low seasonal demand and supply shortage of some brands, industry data showed on Friday.

The number of foreign cars sold last month reached 18,198 units, down 13.7 percent from a year earlier, according to the data compiled by the Korea Automobile Importers & Distributors Association (KAIDA).

The tally also marks an 11-percent drop from a month earlier, the data showed.

Last month the three best-selling models were the Mercedes-Benz E 300 (1,531 units sold), the Lexus ES300h (1,196 units) and the Mercedes-Benz E 300 4MATIC (989 units).

In 2018, sales of foreign cars continued to rise, helped by firm demand for foreign brands and the resumption of sales of Audi Volkswagen.

The number of newly registered foreign vehicles reached 260,705 in the 12-month period, up 11.8 percent from 2017.

Foreign passenger cars made up 16.7 percent of all vehicles that were registered in the country last year, shattering the previous record high of 15.5 percent in 2015.

Audi Volkswagen resumed sales in Korea in late 2017 after suspending normal operations in 2016 following an emissions cheating scandal.

In 2017, imported vehicle sales reached 233,088 units, up from 225,279 a year earlier, the data said.

Imported car sales down 13.7 pct in January - 1


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