SEOUL, Sept. 24 (Korea Bizwire) — BMW became this year’s most chosen car by Korean men, while Mercedes-Benz became the most popular choice for Korean women. The Korea Automobile Importers and Distributors Association reported that private consumers in South Korea bought 123,079 imported cars between January and August of this year. Among them, men bought [...]
SEOUL, Sept. 13 (Korea Bizwire) — Sales of high-end imported cars spiked nearly 66 percent in the first eight months of the year amid the popularity of big-ticket eco-friendly models among local motorists and a post-lockdown shopping spree, industry data showed Monday. A total of 45,042 imported vehicles with price tags of 100 million won [...]
SEOUL, Sept. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 1 percent in August from a year earlier amid the extended COVID-19 pandemic, an industry association said Friday. The number of newly registered foreign vehicles rose to 22,116 units last month from 21,894 a year ago, the Korea Automobile Importers & [...]
SEOUL, July 28 (Korea Bizwire) — The insurance premiums for high-priced vehicles such as imported cars turned out to be similar to those of domestic vehicles although the former are typically much more costly to repair, the state audit agency said Tuesday. Owners of imported cars and large trucks have enjoyed insurance benefits more than [...]
SEOUL, July 6 (Korea Bizwire) — Imported carmakers are planning to introduce 53 all-electric models in South Korea by 2023 as they quickly move toward future vehicle technologies amid toughened regulations, the chief of a trade association of foreign automakers here said Tuesday. They also plan to launch 46 mild hybrid electric vehicles, as well [...]
SEOUL, July 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 4.2 percent in June from a year earlier amid the extended COVID-19 pandemic, an industry association said Monday. The number of newly registered foreign vehicles fell to 26,191 units last month from 27,350 a year ago as the prolonged pandemic weighs [...]
SEOUL, June 3 (Korea Bizwire) — U.S. electric vehicle maker Tesla’s newly released Model Y was the top-selling foreign car model in South Korea last month, beating German luxury brand Mercedes-Benz’s E-Class, industry data showed Thursday. A total of 3,461 Tesla’s vehicles were registered in May, sharply up from 76 in April, thanks to the [...]
SEOUL, May 6 (Korea Bizwire) — Sales of imported vehicles in South Korea jumped 12 percent in April from a year earlier on robust sales of German cars, an industry association said Thursday. The number of newly registered foreign vehicles climbed to 25,578 units last month from 22,945 a year ago despite the COVID-19 pandemic, [...]
SEOUL, April 5 (Korea Bizwire) — Sales of imported vehicles in South Korea jumped 34 percent in March from a year earlier on robust sales of German cars, an industry association said Monday. The number of newly registered foreign vehicles climbed to 27,297 units last month from 20,304 a year ago despite the COVID-19 pandemic, [...]
SEOUL, March 23 (Korea Bizwire) – Sales of high-end imported cars costing over 100 million won (US$88,500) have soared in South Korea over the past couple of years. The Korea Automobile Importers and Distributors Association reported a 69.2 percent jump in the number of luxury imported cars sold in January and February (8,257 cars) compared [...]