SEOUL, Jan. 4 (Korea Bizwire) — Excluding Hyundai Motor Co. and Kia Corp., foreign car brands emerged as the winners in the South Korean car market last year. According to the Korea Automobile Importers and Distributors Association, BMW Group Korea and Mercedes-Benz Korea sold 69,400 units and 61,436 units in the Korean market during the [...]
SEOUL, Feb. 15 (Korea Bizwire) — The average age of people buying imported vehicles is getting older, according to industry data Friday. Last year’s statistics from the Korea Automobile Importers & Distributors Association (KAID) showed 34.6 percent of the buyers of the 166,271 foreign cars sold in the country were in their 30s. People in [...]
SEOUL, July 6 (Korea Bizwire) – Sales of foreign cars in South Korea shed 3.5 percent on-year in June, weighed down by a slump of German automaker Volkswagen Group in the wake of a widening probe into its emissions scandal here, industry data showed Wednesday. A total of 23,435 units of imported cars were registered [...]
SEOUL, Sep. 23 (Korea Bizwire) – The cumulative number of imported cars surges to the new record, totaling over 1 million since the first influx of foreign vehicles 27 years ago. As of August this year, the number of imported passenger cars is 1,006,328 units, according to the Korea Automobile Manufacturers Assn. Last month, the [...]
SEOUL, Korea, April 7 (Korea Bizwire) – Imported wheels are selling like hot cakes in Korea. Last month, the monthly sales of foreign cars have exceeded 15,000 breaking the record of 14,953 in July 2013. According to the Korea Automobile Importers and Distributors Association, 15,733 foreign cars were registered in March which has increased 30.4 [...]