Korea now the fifth-largest Mercedes market globally

Home > Business > Industry

print dictionary print

Korea now the fifth-largest Mercedes market globally

Korea emerged as the world’s fifth-largest market for the German luxury auto brand Mercedes-Benz in the first half of the year thanks to its high popularity among local motorists, data showed Monday.

Mercedes-Benz sold 37,723 vehicles in Korea in the January-June period, up a whopping 54 percent from the previous year, according to the data by its local distributor Mercedes-Benz Korea.

In terms of sales, Korea became the fifth-biggest market for Mercedes-Benz vehicles in the world after China, the United States, Germany and Britain.

In particular, Mercedes-Benz sold more midsize E-Class and premium S-Class sedans in Korea than its home turf Germany.

Sales of E-Class executive sedans reached 18,546 units in the first half, the third-largest after those in China and the U.S. Germany came in fourth, trailed by Japan and Britain.’

Monthly sales of the E-Class sedan topped 3,000 units this year, despite its price tag ranging from 61.9 million won ($55,000) to 112 million won.

Sales of the S-Class top-of-the-line sedan came to about 2,500 units in Korea during the six-month period.

Yonhap

More in Industry

Chuseok delivery strike canceled as headcount increased

BMW Motorrad channels 1936 for its latest bike

Battery business IPO won't affect LG Chem's controlling stake, company says

Hyundai Construction Equipment signs Algeria forklift deal

FSS permits financial sector workers to use networks remotely

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now