South Korea Autos Figures fell in double digit in September

South Korea Autos Figures hyundai-santa-fe-2017

South Korea Autos Figures fell in double digit in September mirroring changed economic conditions as the economy is affected by multiple downside risks bot at home and abroad.

Market Outlook

The Korean economy continues to be affected by multiple downside risks both at home and abroad, including strikes at major carmakers, ongoing corporate restructurings and the increased probability of a U.S. Federal Reserve interest rate hike.

Recent data paint a bleaker picture: in October, business confidence was up a notch but remained firmly entrenched in pessimistic territory, while the PMI tumbled to a 14-month low in September.

Following a long growing period, in September the domestic vehicles market scored a double-digit fall mirroring the changed economic conditions.

According to data released by KAMA and KAIDA, the two South Korean Associations of Automotive Manufacturers, in September vehicle’s sales had been 126.835, down 14.6%.

Year to date September total registrations had been 1.320.976, up 1.9%.

Competitive Arena

In September, Hyundai confirmed the leadership with 40.572 vehicles (-21.9%) and market share at 32.0%.

Kia was second with 38.300 units (-14.9%) ahead of GM Korea with 14.078, Renault Samsung with 9.222 (+39.6%) and SsangYong with 8.011 (-1.2%).

Great performances scored by Land Rover with 957 sales (+431.7%) and Infiniti with 270 (+83.7%).

As far as the ranking by Group, Hyundai Kia on top reported market share at 61.7% followed by Renault-Nissan at 7.8% and Mahindra Group at 6.3%

The best-selling was the Hyundai Santa Fe with 7.451 units (-1.5%) followed by the Kia Sorento with 6.436 (-9.7%), the Hyundai Sonata with 6.106 (-24.0%) and the Kia Morning with 5.790 (-15.7%).

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 Corner 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 Sept Rank 2016 Brand Sales Sept Sales 2016 Var Sept Var 2016 Share Sept Share 2016
1 1 Hyundai 40.572 481.687 -21,9% -3,5% 32,0% 33,6%
2 2 Kia 38.300 396.461 -14,9% 5,0% 30,2% 27,7%
3 3 GM Korea 14.078 127.990 11,1% 8,9%
4 6 Renault Samsung 9.222 71.204 39,6% 25,4% 7,3% 5,0%
5 5 SsangYong 8.011 73.929 -1,2% 6,8% 6,3% 5,2%
6 7 Mercedes 5.087 38.594 17,5% 10,6% 4,0% 2,7%
7 8 BMW 3.031 31.870 -13,5% -9,7% 2,4% 2,2%
8 13 Lexus 1.066 6.869 36,5% 29,6% 0,8% 0,5%
9 11 Land Rover 957 8.172 431,7% 85,5% 0,8% 0,6%
10 14 Toyota 742 6.525 28,8% 16,9% 0,6% 0,5%
11 15 Mini 675 6.349 40,9% 17,6% 0,5% 0,4%
12 12 Ford 655 6.956 1,9% 18,4% 0,5% 0,5%
13 16 Honda 605 4.709 21,5% 28,3% 0,5% 0,3%
14 19 Jeep 511 3.592 14,3% -0,1% 0,4% 0,3%
15 9 Audi 506 15.544 -85,1% -33,7% 0,4% 1,1%
16 17 Nissan 422 3.989 1,7% -6,7% 0,3% 0,3%
17 21 Jaguar 389 2.745 66,2% 41,5% 0,3% 0,2%
18 18 Volvo 373 3.861 9,1% 27,6% 0,3% 0,3%
19 23 Porsche 322 2.663 -4,2% -15,2% 0,3% 0,2%
20 20 Peugeot 303 2.835 -52,7% -41,7% 0,2% 0,2%
21 24 Lincoln 270 1.627 28,0% -18,5% 0,2% 0,1%
21 22 Infiniti 270 2.691 83,7% 34,1% 0,2% 0,2%
22 10 Volkswagen 184 13.148 -93,7% -52,5% 0,1% 0,9%
23 26 Citroen 178 488 1269,2% 86,8% 0,1% 0,0%
24 27 Fiat 60 474 87,5% 1,9% 0,0% 0,0%
25 25 Chrysler 31 489 -76,5% -55,0% 0,0% 0,0%
26 30 DS 11 64 -56,0% -54,3% 0,0% 0,0%
27 31 Rolls-Royce 4 42 0,0% -6,7% 0,0% 0,0%

Rank Sept Rank 2016 Group Sales Sept Sales 2016 Var Sept Var 2016 Share Sept Share 2016
1 1 Hyundai-Kia 78.872 878.148 -18,7% 0,2% 61,7% 60,5%
2 2 Renault-Nissan 9.914 77.884 38,3% 23,5% 7,8% 5,4%
3 4 Mahindra Group 8.011 73.929 -1,2% 6,8% 6,3% 5,1%
4 5 Mercedes Daimler 5.087 38.594 17,5% 10,6% 4,0% 2,7%
5 6 BMW 3.710 38.261 -7,0% -6,0% 2,9% 2,6%
6 7 Toyota 1.808 13.394 33,2% 23,1% 1,4% 0,9%
7 9 Tata 1.346 10.917 225,1% 72,1% 1,1% 0,8%
8 10 Volkswagen 1.012 31.537 -84,8% -42,2% 0,8% 2,2%
9 8 Ford 925 8.583 8,3% 9,0% 0,7% 0,6%
10 11 Honda 605 4.709 21,5% 28,3% 0,5% 0,3%

Rank Sept Rank 2016 Model Sales Sept Sales 2016 Var Sept Var 2016 Share Sept Share 2016
1 5 Hyundai Santa fe 7.451 58.908 -1,5% -6,6% 6,1% 4,6%
2 4 Kia Sorento 6.436 60.535 -9,7% 3,2% 5,3% 4,7%
3 3 Hyundai Sonata 6.106 63.435 -24,0% -15,4% 5,0% 4,9%
4 7 Kia Morning 5.790 51.954 -15,7% -18,6% 4,7% 4,0%
5 6 Chevrolet Spark 5.656 58.011 -9,0% 37,5% 4,6% 4,5%
6 2 HYUNDAI AVANTE 5.135 70.310 -40,2% 9,8% 4,2% 5,5%
7 1 Hyundai Porter 4.434 71.436 -31,0% -3,2% 3,6% 5,5%
8 10 Kia K7 4.353 41.914 186,6% 188,1% 3,6% 3,3%
9 12 Samsung SM6 4.217 40.513 3,4% 3,1%
10 11 Ssangyong Tivoli 4.056 40.791 11,9% 37,6% 3,3% 3,2%
11 20 Chevrolet Malibu 3.970 23.927 111,6% 85,9% 3,2% 1,9%
12 8 Kia Carnival 3.927 47.624 -38,2% -5,3% 3,2% 3,7%
13 14 Hyundai Tucson 3.720 38.425 14,9% -5,3% 3,0% 3,0%
14 15 Kia Sportage 3.658 38.041 -0,2% 33,6% 3,0% 3,0%
15 18 Hyundai Genesis 3.500 28.780 24,0% 6,4% 2,9% 2,2%
16 16 Kia K5 3.315 34.713 -40,3% -7,7% 2,7% 2,7%
17 13 Hyundai Grandeur 3.268 39.975 -47,9% -34,4% 2,7% 3,1%
18 9 Kia Bongo 3.114 44.130 -49,4% -6,4% 2,5% 3,4%
19 25 Mercedes E Class 2.781 12.846 44,1% -7,7% 2,3% 1,0%
20 17 Hyundai Grand Starex 2.623 34.058 -12,1% -7,7% 2,1% 2,6%
21 22 SsangYong Korando Sports 2.357 18.520 2,0% -1,5% 1,9% 1,4%
22 19 Kia K3 2.201 27.487 -38,8% -14,5% 1,8% 2,1%
23 24 Kia Niro 2.054 13.797 1,7% 1,1%
24 23 Kia Ray 1.393 14.803 -33,2% -24,1% 1,1% 1,1%
25 28 BMW 5 Series 1.044 10.391 -24,3% -16,6% 0,9% 0,8%
26 30 Samsung QM3 1.032 9.267 -55,2% -45,4% 0,8% 0,7%
27 21 Genesis EQ900 976 20.400 0,8% 1,6%
28 27 Kia Mohave 890 10.442 232,1% 20,5% 0,7% 0,8%
29 31 Kia Pride 889 8.723 -45,8% -39,9% 0,7% 0,7%
30 34 Chevrolet Trax 870 7.585 -38,7% -12,2% 0,7% 0,6%
31 39 Mercedes C Class 846 6.764 -25,3% 21,4% 0,7% 0,5%
32 45 Lexus ES 793 4.372 34,6% 21,5% 0,6% 0,3%
33 33 Chevrolet Cruze 762 7.614 -41,4% -39,8% 0,6% 0,6%
34 26 Hyundai Accent 687 10.595 -41,8% -14,4% 0,6% 0,8%
35 38 BMW 3 Series 613 7.126 54,8% -6,5% 0,5% 0,6%
36 40 SsangYong Korando C 609 6.475 -41,3% -45,7% 0,5% 0,5%
37 29 Chevrolet Impala 593 9.790 -63,7% 421,9% 0,5% 0,8%
38 37 Samsung SM3 584 7.128 -48,0% -40,5% 0,5% 0,6%
39 35 Hyundai Maxcruz 558 7.506 -49,3% 26,1% 0,5% 0,6%
40 42 Samsung SM7 511 5.413 -48,7% 33,6% 0,4% 0,4%

(317)

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