Korea Cars Market in First Half 2016 soared almost 10%.

Korea Cars Market in First Half 2016 Korea Cars Market in First Half 2016

Korea Cars Market in First Half 2016 soared near 10%. SsangYong gained one spot, overtaking Renault Samsung while Hyundai dominated the models podium with Porter, Avante and Sonata in a row.

Market Outlook

Soft Chinese demand for Korean exports and sluggish growth in private consumption and fixed capital formation prompted economic activity to decelerate in the first quarter. However, recent data suggest that the economy shifted into a higher gear in the second quarter.

Industrial production increased substantially in May and the manufacturing PMI registered another mild improvement in June.

These developments suggest that Korean industries have likely left the tough times behind. The positive news was also shared in the external sector as the annual contraction in Korean exports in June was the softest in a year.

Meantime, the automotive industry had recorded in the first half of 2016 a sliding trend. After the best growth ever reported in May, the last month slashed again a double figure.

According to data released by KAMA and KAIDA, the two South Korean Associations of Automotive Manufacturers, in June vehicle’s sales had been 184.437, growing 16.6%.

Year to date total registrations had been 930.955, up 9.2% compared to the same period of the previous year.

Competitive Arena

In the first half of 2016, Hyundai led the ranking with 351.124 vehicles (+4.5%) and market share up at 37.7%. Kia was in second place with 276.750 units (+14.1%) ahead of Chevrolet with 88.694 (+24.3%), SsangYong with 50.696 (+11.6%) and Renault Samsung with 46.917 (+25.9%).

Remarkable performances scored in the month by Land Rover with 5.502 sales (+63.7%) and Honda with 3.112 (+27.0%).

As far as the ranking by Group, Hyundai Kia on top reported market share at 67.4% followed by General Motors at 9.6% and Renault-Nissan at 5.5%

The best-selling model in the first half was the Hyundai Porter with 54.689 units (+5.9%) followed by the Hyundai Avante with 52.175 (+31.3%), the Hyundai Sonata with 44.548 (-11.5%), the Kia Sorento with 43.912 (+13.0%) and the Hyundai Santa Fe with 41.178 (+9.5%).

To see 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 June Rank H1 2016 Brand Sales June Sales H1 2016 Var June Var H1 2016 Share June Share H1 2016
1 1 Hyundai 69.970 351.124 11,4% 4,5% 37,9% 37,7%
2 2 Kia 52.506 276.750 16,7% 14,1% 28,5% 29,7%
3 3 Chevrolet 17.973 88.694 46,9% 24,3% 9,7% 9,5%
4 5 Renault Samsung 10.778 46.917 59,6% 25,9% 5,8% 5,0%
5 4 SsangYong 9.750 50.696 15,8% 11,6% 5,3% 5,4%
6 7 BMW 4.820 23.154 -16,1% -4,3% 2,6% 2,5%
7 6 Mercedes 4.535 24.488 8,1% 6,8% 2,5% 2,6%
8 8 Audi 2.812 13.058 30,8% -10,3% 1,5% 1,4%
9 9 Volkswagen 1.834 12.463 -57,6% -33,1% 1,0% 1,3%
10 12 Lexus 1.276 4.489 23,0% 0,7% 0,5%
11 14 Toyota 1.165 4.282 63,9% 13,4% 0,6% 0,5%
12 10 Land Rover 1.140 5.502 450,7% 63,7% 0,6% 0,6%
13 13 Mini 858 4.312 9,3% 18,0% 0,5% 0,5%
14 11 Ford 820 4.869 -5,7% 12,6% 0,4% 0,5%
15 15 Honda 688 3.112 48,3% 27,0% 0,4% 0,3%
16 17 Volvo 556 2.577 75,9% 26,7% 0,3% 0,3%
17 16 Nissan 505 2.707 9,5% -3,4% 0,3% 0,3%
18 22 Jaguar 464 1.576 83,4% 10,0% 0,3% 0,2%
19 18 Jeep 451 2.271 6,9% -6,9% 0,2% 0,2%
20 20 Peugeot 360 1.875 -46,9% -37,0% 0,2% 0,2%
21 21 Porsche 342 1.732 -28,6% -18,3% 0,2% 0,2%
22 19 Infiniti 295 1.889 16,1% 38,7% 0,2% 0,2%
23 23 Lincoln 257 869 2,8% -33,2% 0,1% 0,1%
24 24 Cadillac 85 419 16,4% 28,9%
25 25 Chrysler 63 388 -65,0% -47,5%
26 26 Fiat 60 307 46,3% -2,8%
27 28 Bentley 31 161 14,8% -27,8%
28 27 Citroen 20 213 5,3% -5,4%
29 29 DS 14 36 -44,0% -44,6%
30 30 Rolls-Royce 6 30 50,0% -6,3%
31 31 Lamborghini 3 11
Rank June Rank H1 2016 Group Sales June Sales H1 2016 Var June Var H1 2016 Share June Share H1 2016
1 1 Hyundai-Kia 122.476 627.874 13,6% 8,5% 66,4% 67,4%
2 2 General Motors 18.058 89.113 46,7% 24,3% 9,8% 9,6%
3 3 Renault-Nissan 11.578 51.513 55,0% 24,4% 6,3% 5,5%
4 4 Mahindra Group 9.750 50.696 15,8% 11,6% 5,3% 5,4%
5 5 BMW 5.684 27.496 -13,0% -1,4% 3,1% 3,0%
6 6 Volkswagen 5.022 27.425 -28,0% -22,8% 2,7% 2,9%
7 7 Mercedes Daimler 4.535 24.488 8,1% 6,8% 2,5% 2,6%
8 8 Toyota 2.441 8.771 243,3% 18,1% 1,3% 0,9%
9 9 Tata 1.604 7.078 248,7% 47,6% 0,9% 0,8%
10 10 Ford 1.077 5.738 -3,8% 2,0% 0,6% 0,6%
Rank June Rank H1 2016 Model Sales June Sales H1 2016 Var June Var H1 2016 Share June Share H1 2016
1 1 HYUNDAI AVANTE 12.364 52.175 76,1% 31,3% 7,8% 6,7%
2 4 Hyundai Santa fe 8.969 41.178 -1,1% 9,5% 5,7% 5,3%
3 2 Hyundai Sonata 8.768 44.548 -8,7% -11,5% 5,6% 5,7%
4 3 Kia Sorento 7.350 43.912 1,9% 13,0% 4,7% 5,6%
5 13 Samsung SM6 7.027 27.211 4,5% 3,5%
6 12 Hyundai Tucson 6.549 27.299 32,9% -9,7% 4,2% 3,5%
7 8 Hyundai Grandeur 6.412 30.188 -10,3% -27,4% 4,1% 3,9%
8 17 Chevrolet Malibu 6.310 12.562 360,2% 58,4% 4,0% 1,6%
9 6 Kia Morning 6.074 35.032 -14,6% -17,8% 3,9% 4,5%
10 7 Kia Carnival 5.948 32.038 -6,8% -1,9% 3,8% 4,1%
11 10 Ssangyong Tivoli 5.711 27.969 57,3% 51,0% 3,6% 3,6%
12 5 Chevrolet Spark 5.648 40.776 27,3% 56,9% 3,6% 5,2%
13 9 Kia K7 5.042 28.890 205,0% 204,9% 3,2% 3,7%
14 11 Kia Sportage 4.977 27.744 64,6% 61,2% 3,2% 3,5%
15 14 Kia K5 4.875 25.007 27,5% 24,4% 3,1% 3,2%
16 15 Kia K3 4.091 20.302 6,5% -0,4% 2,6% 2,6%
17 20 Kia Niro 3.246 8.366 2,1% 1,1%
18 16 Hyundai Genesis 2.711 17.297 -14,2% -6,8% 1,7% 2,2%
19 18 SsangYong Korando Sports 2.327 12.213 3,8% -0,7% 1,5% 1,6%
20 19 Kia Ray 1.713 9.772 -29,4% -25,4% 1,1% 1,2%
21 23 Kia Mohave 1.662 7.691 38,7% 18,6% 1,1% 1,0%
22 26 Audi A6 1.612 6.823 125,5% 13,2% 1,0% 0,9%
23 21 Hyundai Accent 1.576 8.221 -12,8% -2,2% 1,0% 1,1%
24 25 KIA PRIDE 1.544 6.826 -15,0% -24,4% 1,0% 0,9%
25 33 BMW 3 Series 1.491 5.191 52,8% -5,7% 0,9% 0,7%
26 40 Mercedes S Class 1.340 4.015 40,0% -37,4% 0,8% 0,5%
27 28 Samsung QM3 1.214 6.073 -44,3% -40,2% 0,8% 0,8%
28 29 Hyundai Maxcruz 1.169 5.919 104,4% 49,9% 0,7% 0,8%
29 34 Samsung SM3 1.167 5.110 -14,1% -37,8% 0,7% 0,7%
30 22 Chevrolet Impala 1.129 8.128 0,7% 1,0%
31 24 BMW 5 Series 1.128 7.342 -49,8% -4,1% 0,7% 0,9%
32 31 Chevrolet Trax 1.086 5.354 13,5% 0,9% 0,7% 0,7%
33 41 Mercedes C Class 1.032 3.884 194,9% 32,2% 0,7% 0,5%
34 30 Chevrolet Cruze 930 5.471 -41,8% -37,9% 0,6% 0,7%
35 44 Lexus ES 834 2.879 29,1% 25,5% 0,5% 0,4%
36 32 Hyundai Ioniq 761 5.335 0,5% 0,7%
37 36 SsangYong Korando C 746 4.784 -50,8% -45,6% 0,5% 0,6%
38 42 Samsung SM7 694 3.480 156,1% 72,7% 0,4% 0,4%
39 38 Volkswagen Tiguan 640 4.164 -8,0% -16,7% 0,4% 0,5%
40 50 Toyota Camry 572 1.963 186,0% 22,0% 0,4% 0,3%

(377)

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