SEOUL, Jan. 17 (Korea Bizwire) — Sport utility vehicles (SUVs) sold by South Korean automakers sharply rose to exceed 600,000 units for the first time in 2020 on the back of the rising popularity of car camping and new lineups, industry data showed Sunday. Five companies — Hyundai Motor Co., Kia Motors Corp., GM Korea [...]
SEOUL, March 10 (Korea Bizwire) — Sales of sport utility vehicles (SUVs) and gasoline-powered vehicles posted solid growth in South Korea last year, industry data showed Tuesday, although the country’s auto market contracted for the second consecutive year. Nearly 1.8 million vehicles were registered in South Korea last year, down 1.8 percent from a year [...]
SEOUL, Mar. 25 (Korea Bizwire) — A steady decrease in the sale of sedans in the South Korean market has shrunk their presence down to 50 percent of total automobile sales. Sport utility vehicles (SUV) and car derived vans (CDV), on the other hand, are expanding rapidly, and are expected to soon replace sedans as [...]