South Korea market report. November 2016

South Korea Vehicles Sales in November 2016 hyundai_genesis_g90_2017

South Korea Vehicles Sales in November declined sharply, not fueled by the economic slowdown and the political uncertainty. Renault Samsung boomed.

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.

Meantime, the new vehicles sales in November fell down in double figure, recording the 5th y.o.y decline in a string.

According to data released by KAMA and KAIDA, the two South Korean Associations of Automotive Manufacturers, in November vehicle’s sales had been 143.903, down 12.6%.

Year to date November total registrations had been 1.752.208, up 7.9%.

Competitive Arena

In November, Hyundai had sold 55.721 vehicles (-14.5%) and market share at 38.7%.

Kia was second with 48.906 units (-2.2%) ahead of GM Korea with 17.236, Renault Samsung with 12.565 (+109.2%) and SsangYong with 9.475 (+4.6%).

The best-selling was the Kia Morning with 9.256 units (-14.6%) followed by the Hyundai Porter with 8.862 (+4.0%), the Hyundai Grandeur with 7.984 (-2.4%) and the Hyundai Avante with 7.752 (-23.4%).

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 Nov Rank 2016 Brand Sales Nov Sales 2016 Var Nov Var 2016 Share Nov Share 2016
1 1 Hyundai 55.721 583.629 -14,5% -7,7% 38,7% 33,3%
2 2 Kia 48.906 485.401 -2,2% 2,4% 34,0% 27,7%
3 3 GM Korea 17.236 161.962 12,0% 9,2%
4 5 Renault Samsung 12.565 97.023 109,2% 39,0% 8,7% 5,5%
5 6 SsangYong 9.475 92.854 4,6% 5,1% 6,6% 5,3%

Rank Nov Rank 2016 Model Sales November Sales 2016 Variation 2016 Variation YTD 2016
1 7 Kia Morning 9.256 66.952 12,6% -14,6%
2 1 Hyundai Porter 8.862 86.977 4,0% -4,8%
3 10 Hyundai Grandeur 7.984 51.486 -2,4% -32,2%
4 2 HYUNDAI AVANTE 7.752 86.005 -23,4% -1,1%
5 8 Kia Carnival 7.178 60.146 13,9% -4,1%
6 5 Chevrolet Spark 6.533 70.956 46,1% 36,2%
7 4 Kia Sorento 6.363 73.423 -8,8% 2,6%
8 3 Hyundai Sonata 5.907 74.946 -42,8% -21,7%
9 6 Hyundai Santa fe 5.464 68.399 -38,5% -15,3%
10 12 Samsung SM6 5.300 50.904
11 11 Ssangyong Tivoli 5.090 51.322 3,4% 28,9%
12 18 Hyundai Genesis 5.051 38.707 90,1% 17,5%
13 9 Kia Bongo 4.924 51.708 2,0% -10,3%
14 16 Hyundai Grand Starex 4.289 41.794 11,2% -6,2%
15 14 Hyundai Tucson 4.238 46.790 -23,2% -9,5%
16 20 Chevrolet Malibu 4.149 32.504 337,7% 114,2%
17 13 Kia K7 4.072 49.897 94,6% 171,0%
18 15 Kia Sportage 3.968 46.073 -44,3% 6,7%
19 17 Kia K5 3.326 41.245 -52,0% -18,4%
20 19 Kia K3 3.047 33.315 -18,9% -15,2%
21 21 SsangYong Korando Sports 2.557 23.432 25,8% 0,5%
22 29 Chevrolet Trax 2.505 11.387 124,5% 4,3%
23 26 Kia Mohave 2.066 13.256 52,8%
24 25 Samsung QM3 1.913 13.284 -15,6% -38,3%
25 23 Kia Ray 1.694 18.359 -16,9% -21,5%
26 24 Kia Niro 1.616 17.081
27 34 Hyundai Ioniq 1.425 9.481
28 33 Chevrolet Cruze 962 9.694 -24,9% -36,1%
29 22 Genesis EQ900 911 22.276
30 31 Kia Pride 880 10.593 -42,4% -38,7%
31 38 SsangYong Korando C 834 7.970 -15,0% -42,9%
32 28 Hyundai Accent 684 12.103 -59,8% -22,5%
33 35 Samsung SM3 666 8.671 -34,9% -38,7%
34 45 Daewoo Alpheon 567 5.421 32,8% -3,7%
35 36 Hyundai Maxcruz 500 8.569 -66,7% -5,5%
36 48 SsangYong Rexton W 476 4.516 -18,9% -12,7%
37 41 Samsung SM7 465 6.513 -52,3% 2,6%
38 42 Hyundai i30 463 6.366 65,4% 115,0%
38 46 Daewoo Labo 463 4.829 -1,9% -8,1%
39 30 Chevrolet Impala 459 10.834 -45,3% 157,1%
40 47 SsangYong Korando Turismo 451 4.757 5,9% -2,8%
41 52 Chevrolet Orlando 343 3.797 -43,8% -41,6%
42 43 Samsung SM5 341 5.931 -68,7% -72,2%
43 56 Kia Carens 307 2.885 10,0% -12,0%
44 59 Chevrolet Captiva 305 2.542 317,8% -70,1%
45 82 Chevrolet Aveo 247 1.387 60,4% -41,7%
46 66 Kia Soul 230 2.118 -11,5% -41,3%
47 61 Kia K9 182 2.437 -27,2% -37,2%
48 118 Chevrolet Corvette 149 604
49 72 Hyundai Aslan 134 1.738 -77,6% -78,4%
50 101 SsangYong Chairman W 67 857 -39,6% -25,2%
51 88 Hyundai i40 33 1.227 -78,8% -33,5%
51 117 Hyundai Veloster 33 610 -68,3% -50,9%
52 184 Chevrolet Volt 10 37

(387)

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