SEOUL, June 25 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea plunged 33 percent last month from a year earlier on an economic slowdown, an industry association said Thursday. The number of newly registered imported commercial vehicles fell to 306 units in May from 459 a year earlier, according to the Korea [...]
SEOUL, April 3 (Korea Bizwire) – Sales of imported vehicles in South Korea rose 12 percent in March from a year earlier, while Japanese brands continued to struggle with weaker demand due to trade tensions with Seoul, an industry association said Friday. The number of newly registered foreign vehicles rose to 20,304 units last month [...]
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, Nov. 14 (Korea Bizwire) — More complaints are being registered as an increasing number of South Korean drivers are opting for imported cars. The Korea Consumer Agency (KCA) said on Tuesday that a total of 1,410 complaints involving imported vehicles have been lodged over the past five years. A total of 2,945 complaints regarding [...]
SEOUL, June 7 (Korea Bizwire) – Sales of imported vehicles in South Korea fell 0.5 percent last month from a year earlier on lower demand for diesel models, industry data showed Wednesday. The number of newly registered foreign cars fell to 19,380 in May from 19,470 a year earlier, the Korea Automobile Importers and Distributors [...]
SEOUL, May 30 (Korea Bizwire) – South Korean imports of commercial vehicles jumped more than 19 percent on-year in the first four months of the year despite an overall tumble in inbound auto shipments, data showed Tuesday. Imports of trucks, buses and special vehicles came to 3,284 units in the January-April period, up 19.1 percent [...]
SEOUL, March 20 (Korea Bizwire) – Diesel cars are locked in a tight race with gasoline-powered models for a bigger slice of South Korea’s imported vehicle market as diesel cars increasingly lose favor with local motorists following “dieselgate” in 2015, data showed Monday. According to the industry data, 8,058 imported gasoline cars were sold in [...]
SEOUL, Feb. 22 (Korea Bizwire) – A generation shift in the country’s imported auto market continued last year with customers in their 30s being the largest buyer group with a portion of nearly 40 percent, industry data showed Wednesday. According to the data compiled by the Korea Automobile Importers & Distributors Association (KAIDA), a total [...]
SEOUL, Jan. 16 (Korea Bizwire) – Mercedes-Benz will launch six new vehicle models in South Korea this year while expanding local dealerships and service centers as part of efforts to further increase its market presence here, head of the company’s local unit said Monday. Dimitris Psillakis, CEO of Mercedes-Benz Korea, said the company planned to [...]
SEOUL, Jan. 5 (Korea Bizwire) – Sales of imported vehicles dropped significantly from a year earlier in 2015, largely due to a sales ban on Audi and Volkswagen cars following an emissions scandal, data showed Thursday. In 2016, the number of newly registered foreign cars came to 225,279, down 7.6 percent from 243,900 the previous [...]