Korean Vehicles Market ended the first quarter down 0.8%, due to the -3.3 reported for March. In a scenario that is progressively deteriorating for internal an external factors, Mercedes and BMW are really on demand.
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.
Korea Vehicle Market in Q1 2016 shining albeit clouds on consumer's demand. Sales at the highest level ever albeit January started down. Kia is reducing the gap towards the leader Hyundai. Land Rover & Infiniti the stars.
South Korea Vehicles Market in 2015 boomed at the all time record, first time above the 1.8 million units joining for the first time the Top 10 World's markets. Hyundai Group has lost share while SsangYong shines.
Korea new cars market boomed 18% in October projecting over 1.8 million sales for the 2015. Fueled by strong consumer's demand generated by relevant economic expansion and sector incentives this year will be memorable.
South Korea Auto Sales rise sharply in November 2014 thanks to the recent Bank of Korea cut of base interest rate. In addition consumer's demand was stimulated by many new models introduced in the market both by domestic and foreign carmakers. The result was a market up 8.4% in the month.
South Korea Car Sales in double digit speed in September 2014 keeping the great momentum started a year ago. The market is pushed up by continuous vigorous demand for SUVs and the last generation Kia Sorento is booming.