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Imported Car Sales Decline for Second Consecutive Year Amid Contraction in Consumer Sentiment

Imported Car Sales Decline for Second Consecutive Year Amid Contraction in Consumer Sentiment

SEOUL, Jan. 16 (Korea Bizwire) —  For the first time since the 1997-1998 Asian financial crisis, South Korea’s imported car market has experienced a two-year consecutive decline in sales. According to the Korea Automobile Importers & Distributors Association (KAIDA) on January 15, the number of newly registered imported passenger vehicles in 2024 totaled 263,288 units, marking [...]