SEOUL, Apr. 11 (Korea Bizwire) – In the first quarter (January-March) of the South Korean automobile market, SUVs and vans, collectively known as RVs (recreational vehicles) locally, captured the top four spots in sales rankings. Hyundai’s Grandeur, which had consistently held a place in the top five, fell to sixth position, leaving no sedans among the [...]
SEOUL, May 12 (Korea Bizwire) — Sedans are losing ground at a rapid pace in the South Korean car market as the share of sport utility vehicles (SUVs) expands due to their larger interior space, convenient functions, and leisure-friendly lifestyle. The share of SUVs among new car sales in the country has been on an [...]
SEOUL, Aug. 22 (Korea Bizwire) — Among automobiles damaged by the record-setting deluge that hit Seoul recently, the proportion of sedans exceeded SUVs. A local general insurance company received 3,200 damage reports for sedans between Aug. 8-17, accounting for 75.6 percent of all reports, industry sources said. In contrast, there were only 737 damage reports [...]
SEOUL, May 18 (Korea Bizwire) – Hyundai Motor Co. has launched the hybrid version of its latest Sonata sedan to diversify its lineup, the company said Thursday. The Sonata New Rise Hybrid went on sale earlier in the day in the domestic market with a lifetime battery warranty, 10-year/200,000-kilometer warranty on parts for hybrid [...]
SEOUL, Feb. 8 (Korea Bizwire) – Sales of semi-large sedans in South Korea have been on a roll recently with their shipments one-upping those of midsize cars for a second month in January, industry data showed Wednesday. Domestic sales of semi-large sedans, including Hyundai Motor Co.’s Grandeur and Kia Motors Corp.’s K7, totaled 15,242 units [...]
SEOUL, July 7 (Korea Bizwire) – Hyundai Motor’s latest luxury sedan, the Genesis G80, finally hit domestic showrooms on Thursday. The Genesis G80 is a rebrand of the existing Genesis sedan, which was developed before Genesis was spun off as a separate luxury brand. The sedan comes in four trims – 3.3 GDi Luxury, 3.3 [...]
SEJONG, June 2 (Korea Bizwire) – Mercedes-Benz Korea, the local unit of the German luxury car brand, will recall 1,135 units of E-class sedans for problems with their powertrain control system, the transportation ministry here said Thursday. An error in the model’s powertrain software may fail to transmit engine power to the automatic transmission, causing a [...]
SEOUL, Jan. 13 (Korea Bizwire) - Renault Samsung Motors Co., the local unit of French auto firm Renault S.A., unveiled the SM6 on Wednesday, targeting the premium mid-size sedan market in South Korea. The SM6 is a locally adjusted version of the Talisman, which was launched in France last July. It was developed jointly by Renault [...]