SEOUL, Nov. 8 (Korea Bizwire) — South Korean carmakers are placing a bigger focus on sales of high-end vehicles with higher margins as part of efforts to better cope with a possible decline in overall car sales resulting from the global economic slump. Hyundai Motor Co. saw its third-quarter sales jump by 30.6 percent year [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korean carmakers’ global market share slightly fell to 7.7 percent in the first half from a year earlier amid the extended chip shortage, industry data showed Sunday. From January to June, Korean carmakers sold a total of 2.1 million vehicles in the world’s eight major markets, down 9.9 [...]
SEOUL, Sept. 6 (Korea Bizwire) — Top domestic and imported automakers Hyundai Motor and Mercedes-Benz may give way to other competitors in sales performance this year. A total of 37,371 units of automobiles from Kia Corp. were newly registered last month, surpassing Hyundai (35,993 units including those from the Genesis brand) to become the top [...]
SEOUL, April 1 (Korea Bizwire) — South Korean carmakers’ sales fell 10 percent last month from a year earlier, as global chip supply disruptions continued to affect vehicle production and sales, industry data showed Friday. The five carmakers in South Korea — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Korea Motors and SsangYong [...]
SEOUL, Feb. 1 (Korea Bizwire) — Newly released South Korean automobiles are receiving positive feedback from media platforms and agencies in the U.S. and Europe. Hyundai Motor Co.’s all-electric IONIQ 5, all-new 2022 Tucson SUV and Genesis GV80 SUV have been selected by German motoring magazine Auto Bild as the Best Import Cars of the [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korean automakers’ sales fell 12 percent last month from a year earlier as a prolonged chip shortage disrupted vehicle production and sales, industry data showed Monday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — [...]
SEOUL, Dec. 27 (Korea Bizwire) — Without waiting for the government’s final decision, South Korean carmakers have declared that they will launch used car businesses starting from next month. Hyundai Motor Co. and affiliate Kia Corp. are set to launch full-scale preparations for a launch into the used car market from next month, according to [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean automakers’ sales fell 15 percent last month from a year earlier as a prolonged chip shortage continued to affect vehicle production and sales, industry data showed Wednesday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor [...]
SEOUL, Nov. 1 (Korea Bizwire) — South Korean carmakers’ sales fell 22 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 Monday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault [...]
SEOUL, Oct. 4 (Korea Bizwire) — South Korean carmakers are embracing a new marketing trend in which dedicated display space is set up for each model, a break from the past tradition of displaying various car models in a single showroom. Hyundai Motor Co. launched a new mini SUV Casper in the domestic market last [...]