Korea Vehicle Market in April has lost speed

Korea Vehicle Market in April 2016 Kia-Sorento-2015

Korea Vehicle Market in April slowed its growth with only 3.2%, compared to the double-digit recorded in March. Hyundai was again the market leader, dominating the best-selling models with Porter, Sonata and Avante.

Market Outlook

Economic activity, supported by strong domestic demand, showed resilience in the final quarter of 2015 despite a difficult external environment. In Q1, domestic demand likely continued to buttress growth, but economic activity is expected to have lost dynamism as the economic slowdown in China—Korea’s main trading partner—weighed heavily on the external sector.

According to data released by KAMA and KAIDA, the two South Korean Associations of Automotive Manufacturers, in April vehicle’s sales had been 157.462 (+3.2%), for a total of 581.233 vehicles sold year to date, up 5.0% compared to the same period of the previous year.

Competitive Arena

In April, Hyundai led the ranking with 59.465 vehicles (-5.7%) and market share up at 37.8%. Kia was in second place with 48.505 units (+12.7%) ahead of Chevrolet with 13.978 (+10.2%), SsangYong with 9.133 (+12.3%) and Renault Samsung with 8.536 (+21.6.).

Remarkable performances scored in the month by Audi with 2.474 sales (+145.0%) and Toyota with 977 (+51.0%).

As far as the ranking by Group, Hyundai Kia on top reported market share at 68.6% followed by General Motors at 9.3% and Renault-Nissan at 4.9%

The best-selling model was the Hyundai Porter with 9.155 units (+6.2%) followed by the Kia Sorento with 8.256 (+5.6%), the Hyundai Sonata with 8.057 (+5.0%), the Hyundai Avante with 7.658 (+5.7%) and the Chevrolet Spark with 7.273 (+4.8%).

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 Apr Rank 2016 Brand Sales Apr Sales YTD Apr Var YTD Var Apr % YTD %
1 1 Hyundai 59.465 220.327 -5,7% 0,9% 37,8% 37,9%
2 2 Kia 48.505 176.630 12,7% 12,1% 30,8% 30,4%
3 3 Chevrolet 13.978 53.542 10,2% 14,1% 8,9% 9,2%
4 4 SsangYong 9.133 31.755 12,3% 8,6% 5,8% 5,5%
5 5 Renault Samsung 8.536 25.135 21,6% 4,9% 5,4% 4,3%
6 7 BMW 4.040 13.683 6,4% -0,9% 2,6% 2,4%
7 6 Mercedes 3.558 16.805 -14,0% 10,6% 2,3% 2,9%
8 9 Audi 2.474 7.910 145,0% -27,4% 1,6% 1,4%
9 11 Ford 979 3.195 16,0% 15,6% 0,6% 0,5%
10 14 Toyota 977 2.413 51,0% -3,7% 0,6% 0,4%
11 8 Volkswagen 784 8.303 -70,0% -29,6% 0,5% 1,4%
12 13 Lexus 745 2.609 -0,7% -5,8% 0,5% 0,4%
13 10 Land Rover 697 3.430 7,2% 48,8% 0,4% 0,6%
14 12 Mini 610 2.706 -15,9% 22,9% 0,4% 0,5%
15 15 Nissan 515 1.816 7,1% -1,5% 0,3% 0,3%
16 18 Jeep 400 1.420 11,1% -16,1% 0,3% 0,2%
17 17 Volvo 390 1.633 13,0% 15,7% 0,2% 0,3%
18 20 Peugeot 341 1.283 -30,8% -30,2% 0,2% 0,2%
19 22 Jaguar 286 915 2,1% -11,3% 0,2% 0,2%
20 19 Infiniti 277 1.326 19,4% 52,1% 0,2% 0,2%
21 21 Porsche 258 1.060 -24,8% -16,6% 0,2% 0,2%
22 16 Honda 203 1.668 -37,0% 2,7% 0,1% 0,3%
23 25 Cadillac 87 249 64,2% 33,2% 0,1% 0,0%
24 24 Chrysler 76 305 -55,3% -21,6% 0,1%
25 26 Fiat 58 201 5,5% -12,2%
26 27 Citroen 41 165 28,1% -4,6%
27 28 Bentley 36 102 -14,3% -37,0%
28 29 Rolls-Royce 7 21 0,0% -8,7%
29 30 Lamborghini 6 8
Rank Apr Rank 2016 Group Sales Apr Sales YTD Apr Var YTD Var Apr % YTD %
1 1 Hyundai-Kia 107.970 396.957 1,8% 5,6% 68,6% 68,3%
2 2 General Motors 14.065 53.791 10,4% 14,2% 8,9% 9,3%
3 4 Renault-Nissan 9.328 28.277 20,7% 6,0% 5,9% 4,9%
4 3 Mahindra Group 9.133 31.755 12,3% 8,6% 5,8% 5,5%
5 7 BMW 4.657 16.410 2,8% 2,3% 3,0% 2,8%
6 5 Volkswagen 3.558 17.383 -11,2% -27,9% 2,3% 3,0%
6 6 Mercedes Daimler 3.558 16.805 -14,0% 10,6% 2,3% 2,9%
7 8 Toyota 1.722 5.022 23,3% -4,8% 1,1% 0,9%
8 9 Tata 983 4.345 5,7% 30,2% 0,6% 0,7%
9 10 Ford 979 3.807 -6,2% 6,8% 0,6% 0,7%
10 11 FCA 534 1.926 -8,7% -16,7% 0,3% 0,3%
Rank Apr Rank YTD Model Sales Apr Sales YTD Apr % YTD % Apr Var YTD Var
1 1 Hyundai Porter 9.155 35.099 6,18% 6,38% 2,3% -3,2%
2 3 Kia Sorento 8.256 28.574 5,58% 5,19% 13,6% 34,0%
3 4 Hyundai Sonata 8.057 27.233 5,44% 4,95% -12,8% -4,6%
4 2 HYUNDAI AVANTE 7.658 31.339 5,17% 5,70% 20,1% -1,5%
5 5 Chevrolet Spark 7.273 26.585 4,91% 4,83% 51,3% 62,4%
6 6 Hyundai Santa fe 6.518 24.822 4,40% 4,51% 7,6% 14,8%
7 7 Kia Morning 5.579 23.730 3,77% 4,31% -17,2% -28,6%
8 10 Kia K7 5.504 19.179 3,72% 3,49% 208,5% 238,1%
9 8 Kia Carnival 5.490 21.025 3,71% 3,82% 3,8% -2,3%
10 13 Ssangyong Tivoli 5.375 16.768 3,63% 3,05% 46,4% 57,2%
11 11 Hyundai Grandeur 5.165 18.632 3,49% 3,39% -33,1% -34,7%
12 9 Kia Bongo 4.921 19.663 3,32% 3,57% -0,4% -10,5%
13 12 Kia Sportage 4.548 17.976 3,07% 3,27% 59,3% 50,4%
14 15 Hyundai Grand Starex 4.160 15.522 2,81% 2,82% -10,0% -10,5%
15 25 Hyundai i30 4.143 4.792 2,80% 0,87% 301,7% 1304,4%
16 14 Kia K5 3.888 15.616 2,63% 2,84% 17,7% -9,4%
17 18 Hyundai Genesis 3.423 11.690 2,31% 2,12% -7,0% 1,7%
18 17 Kia K3 3.300 12.500 2,23% 2,27% -2,3% -10,5%
19 19 Genesis EQ900 2.986 11.196 2,02% 2,04%
20 20 SsangYong Korando Sports 2.001 7.948 1,35% 1,44% -1,4% -2,4%
21 23 Mercedes E Class 1.691 6.027 1,14% 1,10% 4,1% 0,0%
22 21 Kia Ray 1.673 6.674 1,13% 1,21% -22,3% -29,2%
23 26 Kia Mohave 1.664 4.647 1,12% 0,84% 11,6% 43,7%
24 24 Hyundai Accent 1.555 5.353 1,05% 0,97% -4,5% 5,4%
25 27 BMW 5 Series 1.336 4.475 0,90% 0,81% -2,8% 0,0%
26 22 Chevrolet Impala 1.323 6.138 0,89% 1,12%
27 16 Hyundai Tucson 1.302 14.796 0,88% 2,69% -17,9% -85,9%
28 37 BMW 3 Series 1.300 3.246 0,88% 0,59% -1,6% 0,0%
29 30 Samsung QM3 1.095 3.759 0,74% 0,68% -34,9% -58,3%
30 33 Mercedes S Class 1.051 3.488 0,71% 0,63% -14,2% 0,0%

(337)

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