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Imported Auto Sales Spike 12 Percent in April on Japan, Europe Models

Imported Auto Sales Spike 12 Percent in April on Japan, Europe Models

SEOUL, May 11 (Koera Bizwire) – Sales of imported vehicles in South Korea rose 12 percent last month from a year earlier on robust sales of Japanese and European models, industry data showed Wednesday. The number of newly registered foreign cars climbed to 20,051 in April from 17,845 a year earlier, the Korea Automobile Importers and Distributors Association (KAIDA) said in a statement. Sales of Japanese vehicles jumped 15 percent last month compared to a year earlier, with European [...]

Volkswagen’s Tiguan, Best Selling Foreign Wheel in Korea This Year

Volkswagen’s Tiguan, Best Selling Foreign Wheel in Korea This Year

SEOUL, May 12 (Korea Bizwire) — Volkswagen’s Tiguan sport utility vehicle ranked first in terms of cumulative sales in South Korea this year, reflecting its growing popularity among local customers for its relatively high fuel efficiency and affordable price, industry data showed Tuesday. Volkswagen sold a total of 3,454 units of the Tiguan 2.0 TDI BlueMotion [...]

Foreign Car Craze in the Domestic Market

Foreign Car Craze in the Domestic Market

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 [...]