Critical Rise Imported Car Sales In South Korea

TESTCOO/October 22, 2021

Imported car deals in South Korea ascended for two straight months on hearty interest for German luxury vehicles, industry information declared on Tuesday.

Recently enlisted outside vehicles achieved 16,212 in February, up 3.5 percent from a year before, as indicated by the Korea Automobile Importers and Distributors Association (KAIDA). It was the second consecutive month of development, in the wake of hopping without precedent for 15 months in January.

Prevalence with the models of Mercedes Benz, German car maker, drove the proceeded with increment. The carmaker sold 5,534 vehicles here in February, turning into the principal prevalent car demonstrate.

Mercedes Benz’s market impart among remote automakers positioned first to 34.1 percent in February.

It was trailed by German automaker BMW with 3,202 vehicles sold here a month ago. Japanese luxury mark Lexus came next with 896 cars sold, trailed via Land Rover with 765 units and Toyota with 741 units.

Mercedes Benz’ E220d was the hit car in February with 998 units sold. It was trailed by E200 of a similar organization with 829 vehicles and Lexus’ ES300h with 617 units.

European models represented 75.5 percent of the aggregate imported car deals here a month ago. Market shares of Japanese and U.S. cars posted 16.7 percent and 7.8 percent respectively.