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S. Korea's imported car sale falls 2.1 pct in August

SEOUL
2023-09-05 17:03

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SEOUL, Sept. 5 (Xinhua) -- South Korea's imported car sale fell last month due to the end of consumption tax cuts, industry data showed Tuesday.

The number of imported vehicles sold here was 23,350 in August, down 2.1 percent from a year earlier, according to the Korea Automobile Importers & Distributors Association (KAIDA).

The single-digit reduction was attributed to the end of consumption tax cuts.

German carmaker Mercedes-Benz ranked first in terms of automotive sales here among foreign companies by selling 6,588 units last month.

Another German automaker BMW came next with the local sale of 6,304 units, followed by Audi with 1,551 units, Volkswagen with 1,417 units, Porsche with 1,111 units, and Lexus with 1,091 units.

The number of European models sold here was 20,064 in August, accounting for 85.9 percent of the total. Japanese and U.S. brands recorded market shares of 8.3 percent and 5.8 percent each.

For the first eight months of this year, imported vehicle sales totaled 175,177 units, down 0.6 percent compared to the same period of last year.
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