SEOUL, Feb. 1 (Korea Bizwire) — The South Korean unit of German carmaking giant Volkswagen AG has put a stop to all new car sales, igniting consumer complaints. According to industry sources, Volkswagen Korea asked dealers to temporarily suspend the release of all types of its cars last week without informing them of the reason. [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korean carmakers’ sales fell 21 percent last month from a year earlier as an extended global chip shortage and the COVID-19 pandemic continued to weigh on vehicle production and sales, industry data showed Friday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault [...]
SEOUL, May 2 (Korea Bizwire) – Sales numbers of vehicles produced overseas and sold here by local manufacturers shrank greatly in the first quarter of the year from a year earlier, data showed Thursday, apparently due to advances by local competitors. Sales of the so-called OEM cars came to 3,171 units in the January-March period, [...]
SEOUL, April 11 (Korea Bizwire) – Auto sales in South Korea rose to the highest in 14 years in the first quarter of the year, aided by solid demand for new models, industry data showed Tuesday. Data from the Korea Automobile Manufacturers Association (KAMA) showed that the country’s five automakers and two commercial vehicle manufacturers [...]
SEOUL, Feb. 8 (Korea Bizwire) – Sales of semi-large sedans in South Korea have been on a roll recently with their shipments one-upping those of midsize cars for a second month in January, industry data showed Wednesday. Domestic sales of semi-large sedans, including Hyundai Motor Co.’s Grandeur and Kia Motors Corp.’s K7, totaled 15,242 units [...]
SEOUL, Jan. 5 (Korea Bizwire) – Sales of imported vehicles dropped significantly from a year earlier in 2015, largely due to a sales ban on Audi and Volkswagen cars following an emissions scandal, data showed Thursday. In 2016, the number of newly registered foreign cars came to 225,279, down 7.6 percent from 243,900 the previous [...]
SEOUL, Jan. 2 (Korea Bizwire) – Global sales of cars produced by five South Korea-based automakers shrank slightly from a year earlier in 2016 due to a decline in overseas sales that more than offset an increase in sales here, data released by the carmakers showed Monday. The combined global sales of the five automakers [...]
BRUSSELS, Nov. 18 (Korea Bizwire) – Sales of South Korea’s top carmaker, Hyundai Motor Co., and its affiliate, Kia Motors Corp., in the European auto market hit a record high in 2016, industry data showed Friday. Cumulative sales of the two automakers in the 28-member European Union (EU) came to an all-time high of 779,115 [...]
SEOUL, Nov. 14 (Korea Bizwire) – South Korean automobiles will go on sale via TV home shopping networks starting in 2018 under a revised regulation, the government announced Monday. The nation’s four major home shopping channels — CJ, Hyundai, GS and Woori — will be allowed to deal in not just foreign and used cars [...]
SEOUL, Oct. 27 (Korea Bizwire) – South Korea’s No. 2 automaker Kia Motors Corp. said Thursday that its third quarter net profit jumped 20.8 percent from a year earlier despite a slight drop in sales. In the July-September period, Kia Motors’ net profit came to 664.3 billion won (US$583.23 million) on a consolidated basis, compared [...]