SEOUL, Oct. 18 (Korea Bizwire) — Sport utility vehicles (SUVs) are sweeping South Korea’s car sales charts this year, thanks to a shift in consumer sentiment resulting from the COVID-19 pandemic and carmakers’ profitability-centered strategy. The domestic sales of SUVs, including recreational vehicles (RVs), stood at 618,384 units in the first nine months of this [...]
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 [...]
INCHEON, July 5 (Korea Bizwire) — SsangYong Motor Co. launched the all-new Torres SUV in South Korea on Tuesday, a week after a Seoul court approved a local consortium as the final bidder for the debt-laden carmaker. The SUV-focused carmaker aims to get its business back on track within the next two years based on [...]
SEOUL, Feb. 14 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Monday it has added the Traverse High Country sport utility vehicle to its lineup to boost sales amid the extended COVID-19 pandemic. The Traverse SUV’s top trim model is being manufactured in GM’s Lansing Delta Township plant [...]
SEOUL, Feb. 3 (Korea Bizwire) — The share of recreational vehicles (RVs) including SUVs in the domestic car market topped the 50 percent mark last year for the first time. According to the data by CarIsYou Data Research Center, 1,494,070 cars were sold in the domestic market last year, of which RVs accounted for 808,639 [...]
SEOUL, Dec. 6 (Korea Bizwire) — For the very first time, Hyundai Motor Co. and its affiliate Kia Corp. sold more than 100,000 eco-friendly SUVs this year, driven by the success of hybrid models. The two automakers sold a total of 119,054 hybrid, electric and hydrogen-powered SUVs in South Korea from January to November of [...]
SEOUL, Nov. 24 (Korea Bizwire) — A recent survey showed that South Korean consumers’ favorite SUVs are the Genesis GV80 and Volvo XC90. Encar.com, an online used car dealer platform, conducted a survey of 1,445 people asking about their favorite outdoor and leisure vehicle, 25.8 percent of whom chose the GV80 (373 people) as the [...]
SEOUL, Nov. 11 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. are proving to be strong players in the Indian sport utility vehicle (SUV) market. The Society of Indian Automobile Manufacturers (SIAM) reported that out of 100,055 SUVs sold in India last month, Hyundai and Kia sold 18,538 and 15,931 vehicles, respectively. Hyundai [...]
SEOUL, Oct. 26 (Korea Bizwire) — Compact sports utility vehicles are rising as the new standard in the South Korean market as they are bulking up to the size of midsize SUVs. South Korean automakers’ sales performance in the third quarter (July to September) of this year included 49,495 units of compact SUVs sold, topping [...]
SEOUL, Sept. 12 (Korea Bizwire) — Genesis, the independent luxury brand of Hyundai Motor Co., sold more than 100,000 sport utility vehicles (SUV) globally in just 1 1/2 years since its SUV market debut, thanks to brisk sales at home and in North America, data showed Sunday. Genesis’ SUV sales totaled 107,700 units from the [...]