South Korea Full Year 2016. New record failed on foto-finish

South Korea Vehicles Market 2016 Kia-Stinger-2018

South Korea Vehicles Market 2016 hasn’t beaten the all time record of the previous year just for 12.200 units, not fueled by weakening fundamentals and the political fallout.

Market Outlook

Korea’s bleak outlook, fueled both by weakening fundamentals and the country’s political fallout, also hit operating conditions and economic sentiment in November, as reflected in the PMI, which remained firmly entrenched below the 50-point threshold, and in consumer confidence, which plunged to a seven-year low.

As regard the domestic vehicles sales in 2016, the market recorded for the 2nd consecutive year over 1.8 million units, although the registrations declined sharply throughout the second semester.

Indeed, according to data released by KAMA and KAIDA, the two South Korean Associations of Automotive Manufacturers, in December the vehicles passengers had been 184.968, down 7.6%.

In the full year the vehicles passengers had been 1.812.079 (-0.7%), not beating the previous all time record established in 2015 for only 12.200 units.

Competitive Arena

In the 2016 Hyundai was on top posting over 654.000 units (-8.3%), while among the highest growths of the year had been scored by Honda, Land Rover, Renault Samsung, Lexus, Ford and Mercedes. The best performances were reported by Citroen (+162.9%).

Volkswagen hit the sharpest slowdown, losing 63.2%, followed by other lost at lower level for Audi, Peugeot, Lincoln, and Porsche.

At model wise, the Hyundai Porter was the leader with 96.950 sales (-2.8%)  followed by the Hyundai Avante with 93.804 units (-6.6%) and the Hyundai Sonata with 82.203 (-24.2%).

The Kia K7 and Chevrolet Malibu shined improving respectively 169.5% at 56.060 units and 123.8% at 36.658 sales.

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 2022.

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 Dec Rank 2016 BRAND Sales December Sales 2016 FY Variation December Variation 2016 FY Share December Share 2016
1 1 Hyundai 71.109 654.738 -13,3% -8,3% 38,4% 35,7%
2 2 Kia 49.600 535.001 -7,0% 1,4% 26,8% 29,2%
3 3 Chevrolet 18.313 182.075 0,1% 14,9% 9,9% 9,9%
4 4 Renault Samsung 14.078 111.101 37,5% 38,8% 7,6% 6,1%
5 5 SsangYong 10.700 103.554 -5,7% 3,9% 5,8% 5,6%
7 6 Mercedes 5.625 56.343 13,6% 19,9% 3,0% 3,1%
6 7 BMW 5.834 48.459 11,7% 1,2% 3,2% 2,6%
9 8 Genesis 1.052 23.328 0,6% 1,3%
19 9 Audi 236 16.718 -91,8% -48,7% 0,1% 0,9%
10 Volkswagen 13.178 -100,0% -63,2% 0,0% 0,7%
11 11 Land Rover 962 10.601 -27,0% 45,9% 0,5% 0,6%
8 12 Lexus 1.424 10.594 23,1% 33,2% 0,8% 0,6%
12 13 Ford 909 9.593 36,7% 27,8% 0,5% 0,5%
10 14 Toyota 971 9.265 7,3% 18,4% 0,5% 0,5%
13 15 Mini 604 8.632 -20,9% 15,2% 0,3% 0,5%
17 16 Honda 482 6.636 63,4% 47,1% 0,3% 0,4%
14 17 Nissan 527 5.733 -15,0% -0,1% 0,3% 0,3%
18 18 Volvo 466 5.206 28,4% 22,8% 0,3% 0,3%
16 19 Jeep 500 5.092 -11,3% 4,1% 0,3% 0,3%
15 20 Jaguar 506 3.798 52,4% 35,0% 0,3% 0,2%
20 21 Peugeot 214 3.622 -33,5% -48,3% 0,1% 0,2%
23 22 Infiniti 158 3.201 -64,7% 7,7% 0,1% 0,2%
25 23 Porsche 101 3.187 -45,7% -17,4% 0,1% 0,2%
24 Lincoln 1.627 -100,0% -42,7% 0,1%
22 25 Citroen 171 876 307,1% 162,9% 0,1%
21 26 Chrysler 213 867 -68,9% -55,1% 0,1%
24 27 Cadillac 131 794 4,0% -10,4% 0,1%
26 28 Fiat 70 658 -2,8% 7,0%
29 29 Bentley 1 170 -96,0% -55,8%
30 DS 64 -100,0% -71,6%
28 31 Rolls-Royce 5 53 -44,4% -15,9%
27 32 Lamborghini 7 20

Rank Dec Rank 2016 GROUP Sales December Sales 2016 FY Variation December Variation 2016 FY Share December Share 2016 FY
1 1 Hyundai-Kia 121.761 1.213.067 -10,1% -2,3% 65,8% 66,1%
2 2 General Motors 18.444 182.869 0,2% 14,8% 10,0% 10,0%
3 3 Renault-Nissan 14.763 120.035 30,6% 35,3% 8,0% 6,5%
4 4 Mahindra Group 10.700 103.554 -5,7% 3,9% 5,8% 5,6%
5 5 BMW 6.443 57.144 7,4% 3,1% 3,5% 3,1%
6 6 Mercedes Daimler 5.625 56.343 13,6% 19,9% 3,0% 3,1%
14 7 Volkswagen 345 33.273 -94,0% -54,2% 0,2% 1,8%
7 8 Toyota 2.395 19.859 16,1% 25,8% 1,3% 1,1%
8 9 Tata 1.468 14.399 -11,0% 42,8% 0,8% 0,8%
9 10 Ford 909 11.220 -10,3% 8,4% 0,5% 0,6%

Rank Dec Rank 2016 Model Sales December Sales 2016 Variation December Variation 2016
1 1 HYUNDAI AVANTE 13.454 99.459 0,0% -1,0%
2 3 Hyundai Sonata 12.678 87.624 0,0% -19,2%
3 4 Hyundai Santa fe 12.189 80.588 0,0% -13,3%
4 9 Hyundai Grandeur 11.200 62.686 0,0% -28,1%
5 7 Kia Morning 10.057 77.009 0,0% -12,9%
6 12 Kia Sportage 9.541 55.614 0,0% 5,5%
7 2 Hyundai Porter 8.416 95.393 0,0% -4,4%
8 16 Kia K5 8.079 49.324 0,0% -15,9%
9 6 Chevrolet Spark 6.879 77.835 0,0% 32,0%
10 5 Kia Sorento 6.201 79.624 0,0% 2,4%
11 18 Hyundai Genesis 5.972 44.679 0,0% 14,8%
12 13 Hyundai Tucson 5.736 52.526 0,0% -8,5%
13 10 Ssangyong Tivoli 5.212 56.534 0,0% 25,6%
14 8 Kia Carnival 4.825 64.971 0,0% -3,8%
15 11 Kia Bongo 4.191 55.899 0,0% -9,6%
16 17 Hyundai Grand Starex 3.816 45.610 0,0% -5,7%
17 19 Kia K3 3.611 36.926 0,0% -13,9%
18 26 Samsung QM3 3.018 16.302 0,0% -33,6%
19 29 Chevrolet Impala 2.699 13.533 0,0% 95,8%
20 27 Hyundai Accent 2.657 14.760 0,0% -19,3%
21 24 Mercedes E Class 2.643 18.588 0,0% -5,4%
22 23 Kia Ray 2.599 20.958 0,0% -19,3%
23 21 SsangYong Korando Sports 2.578 26.010 0,0% 0,4%
24 43 Samsung SM5 2.553 8.484 0,0% -64,5%
25 32 Kia Pride 2.402 12.995 0,0% -34,0%

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