Volvo Trucks’ liquefied natural gas-powered FH LNG model drives through the countryside in this photo provided courtesy of Volvo Trucks Korea.
SEOUL, March 22 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea fell 24 percent in February from a year earlier on lower demand amid the extended coronavirus pandemic, an industry association said Monday.
The number of newly registered imported commercial vehicles fell to 261 units last month from 344 a year earlier, the Korea Automobile Importers and Distributors Association (KAIDA) said in a statement.
Sales of all imported commercial vehicles declined last month as COVID-19 containment measures and uncertainty continued to weigh on demand, KAIDA said.
Imported commercial vehicles currently account for a large share of the domestic commercial vehicle market.
Five major imported commercial vehicle brands — MAN, Mercedes-Benz, Volvo Trucks, Scania and Iveco — sell trucks, buses and vans in South Korea.
(Yonhap)
