Car sales in Korea will drop 1.7% in 2024, report says
Published: 04 Dec. 2023, 11:30
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- KIM JU-YEON
- [email protected]
![Domestic vehicle sales in Korea are expected to fall 1.7 percent on year in 2024, according to the Korea Automobile Manufacturers Association's report on Monday. Pictured is the Gangbyeon Expressway on Nov. 12. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2023/12/04/2dd668ba-abab-4f10-b363-efc3a83c1aa4.jpg)
Domestic vehicle sales in Korea are expected to fall 1.7 percent on year in 2024, according to the Korea Automobile Manufacturers Association's report on Monday. Pictured is the Gangbyeon Expressway on Nov. 12. [YONHAP]
The country's auto sales in 2024 are estimated to reach 1.71 million units, according to the Korea Automobile Manufacturers Association's report on Monday.
However, the association expects auto exports to rise 1.9 percent on year to 2.75 million units next year, thanks to strong demand in the United States and Europe.
It also predicts that the industry's total output will rise 0.7 percent on year to 4.17 million units in 2024.
BY KIM JU-YEON, YONHAP [[email protected]]
with the Korea JoongAng Daily
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