Foreign cars roll up 13.1% year-on-year sales increaseImported cars are continuing their robust sales growth with a total of 12,063 vehicles sold in Korea last month, year-on-year growth of 13.1 percent, according to data from Korea Automobile Importers and Distributors Association (Kaida) yesterday.
German carmakers dominated again in the local market. BMW topped the list with 2,924 units sold, followed by Mercedes-Benz (2,122), Volkswagen (1,650) and Audi (1,282). Toyota and Ford finished fourth and fifth, respectively.
Meanwhile, for the first three months of this year, 34,964 foreign vehicles were sold in the country, up 19.4 percent from a year earlier. This is in contrast to sales of domestic cars, which fell 2.5 percent year-on-year in the January-March period.
More in Economy
Better to give property than to receive a big tax bill
Border restrictions drastically cut North Korea's trade
Central bank holds rates steady, adjusts up GDP forecast
Restaurant coupons to make a comeback as an app
[INTERVIEW] Korea Forest Service head sees huge opportunity in Indonesia