South Korea New Vehicles Industry dropped down in August.

South Korea New Vehicles land_rover-discovery-2015

South Korea New Vehicles Industry dropped down in August. Importers keep gaining share and in this month were pushed up by the outstanding performance scored by Ford and Land Rover.

Market Outlook

A notable pickup in domestic demand spurred faster GDP growth in the second quarter, owing to supportive fiscal and monetary stimulus. Exports of goods and services grew faster in Q2, while Korea’s merchandise exports in U.S.-dollar terms declined for the 19th consecutive month in July.

The domestic autos sector confirmed in August to have lost steam after the long run of the last two years reporting the second fall in a series.

According to data released by KAMA and KAIDA, the two South Korean Associations of Automotive Manufacturers, in August vehicle’s sales had been 126.372, down 8.8%.

Year to date total registrations had been 1.194.141, up 4.1%.

Competitive Arena

In August, Hyundai confirmed the leadership with 42.112 vehicles (-17.6%) and market share at 33.3%.

Kia was second with 37.404 units (-10.4%) ahead of Chevrolet with 14.993 (+8.3%), Renault Samsung with 7.713 (+24.4%) and SsangYong with 7.676 (+2.1%).

Great performances scored by Ford with 912 sales (+185.0%) and Land Rover with 866 (+299.1%).

As far as the ranking by Group, Hyundai Kia on top reported market share at 64.4% followed by General Motors at 10.3% and Renault-Nissan at 6.9%

The best-selling was the Hyundai Avante with 6.756 units (-23.3%) followed by the Hyundai Sonata with 5.923 (-27.9%), the Chevrolet Spark with 5.850 (-16.3%) and the Hyundai Santa Fe with 5.609 (-29.5%).

The detailed report on the best-selling cars, with top 100 models score see the report dedicated.

Research, Consulting, Data & Forecast Store

F2M covers intensively this market with several products developed to help any investigation required.

Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2020.

Auto Data in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end.

All these and more within our South Korea Store.

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.

Rank Aug Rank YTD Brand Sales Aug Sales YTD Var Aug Var YTD Share Aug Share YTD
1 1 Hyundai 42.112 441.115 -17,6% -1,3% 34,1% 37,0%
2 2 Kia 37.404 358.161 -10,4% 7,7% 30,3% 30,1%
3 3 Chevrolet 12.773 115.827 -7,7% 18,7% 10,3% 9,7%
4 5 Renault Samsung 7.713 61.982 24,4% 23,6% 6,2% 5,2%
5 4 SsangYong 7.676 65.918 2,1% 7,8% 6,2% 5,5%
6 6 Mercedes 4.835 33.507 32,0% 9,6% 3,9% 2,8%
7 7 BMW 3.047 28.839 -16,3% -9,2% 2,5% 2,4%
8 10 Land Rover 866 7.215 299,1% 70,8% 0,7% 0,6%
9 13 Toyota 824 5.783 42,6% 15,5% 0,7% 0,5%
10 14 Mini 715 5.674 87,2% 15,3% 0,6% 0,5%
11 11 Ford 689 6.301 115,3% 20,4% 0,6% 0,5%
12 15 Honda 580 4.104 76,3% 29,4% 0,5% 0,3%
13 12 Lexus 573 5.803 148,1% 28,4% 0,5% 0,5%
14 16 Nissan 478 3.567 0,4% -7,6% 0,4% 0,3%
15 8 Audi 476 15.038 -83,0% -24,9% 0,4% 1,3%
16 17 Volvo 458 3.488 36,3% 30,0% 0,4% 0,3%
17 21 Jaguar 449 2.356 331,7% 38,1% 0,4% 0,2%
18 18 Jeep 434 3.081 53,4% -2,1% 0,4% 0,3%
19 20 Infiniti 310 2.421 23,5% 30,2% 0,3% 0,2%
20 22 Porsche 301 2.341 -10,9% -16,5% 0,2% 0,2%
21 19 Peugeot 287 2.532 -54,7% -40,0% 0,2% 0,2%
22 23 Lincoln 223 1.357 26,7% -24,0% 0,2% 0,1%
23 9 Volkswagen 76 12.964 -97,6% -47,7% 0,1% 1,1%
24 26 Fiat 67 414 31,4% -4,4% 0,1%
25 27 Citroen 47 310 104,3% 24,9%
26 24 Chrysler 35 458 -63,5% -52,0%
27 29 DS 9 53 -64,0% -53,9%
28 30 Rolls-Royce 4 38 0,0% -7,3%
29 31 Lamborghini 2 13

Rank Aug Rank YTD Group Sales Aug Sales YTD Var Aug Var YTD Share Aug Share YTD
1 1 Hyundai-Kia 79.516 799.276 -14,3% 2,5% 64,4% 67,1%
2 2 General Motors 12.773 116.246 -8,3% 18,5% 10,3% 9,8%
3 3 Renault-Nissan 8.501 67.970 22,7% 21,6% 6,9% 5,7%
4 4 Mahindra Group 7.676 65.918 2,1% 7,8% 6,2% 5,5%
5 6 Mercedes Daimler 4.835 33.507 32,0% 9,6% 3,9% 2,8%
6 5 BMW 3.766 34.551 -6,5% -5,9% 3,1% 2,9%
7 8 Toyota 1.397 11.586 72,7% 21,6% 1,1% 1,0%
8 9 Tata 1.315 9.571 309,7% 61,4% 1,1% 0,8%
9 10 Ford 912 7.658 83,9% 9,1% 0,7% 0,6%
10 7 Volkswagen 855 30.525 -86,4% -36,2% 0,7% 2,6%

 

Rank Aug Rank YTD Model Sales Aug Sales YTD Var Aug Var YTD
1 2 Hyundai Avante 6.756 65.175 -23,30% 17,60%
2 3 Hyundai Sonata 5.923 57.329 -27,90% -14,30%
3 5 Chevrolet Spark 5.850 52.355 -16,30% 45,50%
4 6 Hyundai Santa fe 5.609 51.457 -29,50% -7,30%
5 7 Kia Morning 5.506 46.164 -20,80% -18,90%
6 8 Kia Carnival 4.886 43.697 18,20% -0,60%
7 4 Kia Sorento 4.704 54.099 -25,50% 5,00%
8 9 Kia Bongo 4.646 41.016 -4,80% 0,00%
9 14 Samsung SM6 4.577 36.296
10 12 Ssangyong Tivoli 4.357 36.735 24,90% 41,20%
11 1 Hyundai Porter 4.037 67.002 -35,20% -0,60%
12 15 Hyundai Tucson 3.963 34.705 35,70% -7,10%
13 17 Hyundai Grand Starex 3.884 31.435 22,10% -7,30%
14 16 Kia Sportage 3.632 34.383 -16,30% 38,60%
15 11 Kia K7 3.585 37.561 117,10% 188,30%
16 20 Hyundai Genesis 3.409 25.280 31,50% 4,40%
17 18 Kia K5 3.217 31.398 -41,60% -2,00%
18 13 Hyundai Grandeur 3.069 36.707 -49,40% -32,90%
19 21 Chevrolet Malibu 2.777 19.957 102,30% 81,50%
20 19 Kia K3 2.614 25.286 -26,30% -11,40%
21 10 Genesis EQ900 2.186 38.848
22 22 SsangYong Korando Sports 1.946 16.163 -2,40% -2,00%
23 23 Kia Ray 1.569 13.410 -19,90% -23,00%
24 32 Hyundai Ioniq 1.334 7.614
25 24 Kia Niro 1.135 11.743
26 29 Samsung QM3 1.096 8.235 -48,30% -43,90%
27 30 Kia Pride 1.007 7.834 -44,00% -39,20%
28 25 Hyundai Accent 860 9.908 -33,70% -11,50%
29 35 Chevrolet Cruze 770 6.852 -33,20% -39,70%
29 42 Samsung SM7 770 4.902 14,10% 60,40%
30 37 Samsung SM3 744 6.544 -41,90% -39,70%
31 36 Chevrolet Trax 686 6.715 -34,10% -7,00%
32 26 Kia Mohave 641 9.552 -25,60% 13,70%
33 38 SsangYong Korando C 595 5.866 -43,70% -46,10%
34 27 Chevrolet Impala 527 9.197 117,80% 3700,40%
35 34 Hyundai Maxcruz 524 6.948 25,10% 43,20%
36 48 Daewoo Labo 424 3.528 307,70% -12,00%
37 47 Daewoo Alpheon 408 3.776 277,80% -13,30%
38 51 SsangYong Rexton W 395 3.128 -9,80% -4,70%
39 54 Chevrolet Orlando 390 2.874 -11,40% -39,20%
40 60 Kia Carens 340 1.946 54,50% -17,50%

(339)

In the spotlight

Brazil Outlook 2017. Recession is not over

Brazil Automotive Industry outlook in the 2017 is not yet positive albeit the prolonged crisis. Indeed economic perspective are still negative and the sector has not yet bottomed out. Market recovery from 2018