The number of foreign luxury vehicles sold here was 274,859 in 2020, up 12.3 percent from a year earlier, according to the Korea Automobile Importers & Distributors Association (KAIDA).
The record sale of foreign brands was attributed to the government's temporary tax cut for a new car purchase and the launch of new models such as Mercedes-Benz and BMW.
German automaker Mercedes-Benz ranked first with the sale of 76,879 vehicles in 2020 that was down 1.6 percent from the previous year.
Another German carmaker BMW came next with the sale of 58,393 units that was up 32.1 percent from a year ago.
Audi sold 25,513 vehicles here last year, followed by Volkswagen with the sale of 17,615 units and Volvo with 12,798 units respectively.
The number of European vehicles sold here was 221,141 in 2020, accounting for 80.5 percent of the total imported car sale.
The sale of U.S. brands was 33,154, while the sale of Japanese brands was 20,564 in 2020 that tumbled 43.9 percent compared to the prior year.
Latest comments