Korean Vehicles Market has lost 11% in October after the strong performance reported in the third quarter and now the achievement of the new record at year-end is uncertain. Hyundai increased 6% while several brands reported huge falls, including Mercedes.
South Korea Automotive Outlook basic sentiment is still positive thanks to the benefit of Importers invasion and to the reaction of local car makers, finally expanding the local offer. Crisis with North Korea is already hitting economy.
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.
Korea Vehicles Market 2012-2020 Outlook provides facts, data and forecast on this market with all data by OEM, Brand, Model and segment. From the 2004 up to the 2020 All About within 130 pages and 200 charts.
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.