SEOUL, Nov. 16 (Korea Bizwire) – Sales of mini cars by South Korea’s five automakers are expected to remain below 100,000 units for a second consecutive year in 2025, industry data showed Sunday, amid a lack of new models and shifting consumer preferences. From January to October, the five carmakers — Hyundai Motor Co., Kia [...]
SEOUL, Nov. 7 (Korea Bizwire) – In a departure from the traditional pattern where economic downturns boost compact car sales, South Korea’s compact vehicle market is experiencing a significant decline, with annual sales expected to fall below 100,000 units for the first time since 2021. According to data from Kais You Data Research Institute, compact car [...]
SEOUL, June 20 (Korea Bizwire) – Compact cars are the most popular in the South Korean used-car market, according to a new industry report. Online open market SK Encar said on Monday that of all types of used-cars, compact cars took the shortest time to sell, spending 28.4 days on average on offer during the [...]