The number of imported vehicles sold here was 283,435 in 2022, up 2.6 percent from the previous year, according to the Korea Automobile Importers & Distributors Association (KAIDA).
It was attributed to solid demand for German brands and the moderated supply disruptions of chips used to make vehicles.
German carmaker Mercedes-Benz ranked first in terms of automotive sales here among foreign companies by selling 80,976 units last year.
Another German automaker BMW came next with the local sale of 78,545 units, followed by Audi with 21,402 units, Volkswagen with 15,791 units and Volvo with 14,431 units respectively.
The number of European models sold here was 241,449 in 2022, accounting for 85.2 percent of the total.
U.S. and Japanese brands recorded the market shares of 8.8 percent and 6.0 percent each.
Latest comments