Imported vehicle sales up nearly 10% in 2018

Home > Business > Industry

print dictionary print

Imported vehicle sales up nearly 10% in 2018

The value of imported vehicles sold in Korea last year jumped 9.9 percent to 17.47 trillion won ($15.49 billion) from a year earlier on demand for German models, industry data showed Thursday.

In 2018, imported carmakers sold a combined 260,705 vehicles in Asia’s fourth-biggest economy, up 12 percent from the previous year, the latest findings showed.

According to the Korea Automobile Importers and Distributors Association (Kaida), strong demand for vehicles made by Mercedes-Benz, Audi and Volkswagen pushed up sales numbers.

Imported auto brands accounted for a record 16.7 percent of all vehicles sold and registered in the domestic passenger car market for 2018, up from 15.23 percent in the previous year, Kaida said.


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

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

Standards Board Policy (0/250자)

What’s Popular Now