SEOUL, May 4 (Xinhua) -- South Korea's imported car sales fell in single digits last month due to a prolonged supply shortage of semiconductors used to make vehicles, industry data showed Wednesday. The number of imported vehicles sold here was 23,070 in April, down 9.8 percent from a ye...
Electric Segment of the Used Car Market is Gaining Traction in Recent Years South Korean government's strategic plan of banning internal combustion engine sales by 2035 and consumers' growing preference for purchasing eco-friendly vehicles to combat environmental impacts is aiding the growth of the el...
SEOUL, Dec. 5 (Xinhua) -- Imported car sales in South Korea kept rising in November on demand for German luxury models, though the growth rate slowed down, industry data showed Wednesday. The number of imported vehicles newly registered here was 22,387 in November, up 0.5 percent from a ...
Looking at data from January 2025 brand-wise, the Kia Sorento -up 2 spots- became the new best selling car, with 7,454 new registrations (-19.7%) and 7% market share. In second place ranked the Kia Sportage -up 2 spots- with 6,547 sales (+10.3%), followed by the Kia Carnival ...
In fact, according to the source, even though used car smuggling was suspended at the start of this month, used cars can still be seen lined up in plazas in front of Hyesan’s arts theater, cinema, and Hyesan Hotel. “The cars can be sold after they’ve been screened and approved by...
SEOUL, Jan. 6 (Korea Bizwire)—Sales of imported vehicles in South Korea rose 4.5 percent last December from a year earlier due to strong demand for German cars, an industry association said Wednesday. The number of newly registered foreign vehicles climbed to 31,419 units last month from 30...
China’s BYD Expands in South Korea with New Used-Car Distribution UnitMarch 16, 2025 | 0 Comments Consumer Insights & Behavior As Voice Phishing Escalates, Police-Backed Prevention App Sees Record AdoptionMarch 20, 2025 | 0 Comments LG and Samsung Dominate U.S. Consumer Reports Rankings for...
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Luxury car sales plunge as buyers put off by South Korea’s neon green licence plates Explain the role of signalling in the South Korean luxury car market. How does the requirement to use a green licence plate impact the opportunity for signalling?
Speaking toThe Korea Times,Lee Tae-hun, a professor at the Department of Car Business at Daekyeung University, said that the expansion of online sales is becoming an industry trend. “Mercedes-Benz Korea has already been selling certified used cars on their own online platform. As they do wi...