South Korea Automotive Market Report 2010-2025 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape.
On 26 March, the U.S. and Korea agreed to revise their bilateral free trade agreement. The agreement—which would improve U.S. access to Korea’s automobile market and require Korea to curb its steel exports to the U.S. in return for an exemption from higher U.S. steel tariffs
South Korean vehicles market has been closed to foreign vehicles import until the recent (2012) FTA with EU. The entrance of many new competitors fueled the market growth in these years and the all time record sales had been established in three years in a row, with 2016 above 1.8 million units. In the 2017 the market was penalized by a slow start of the year and the second half recovery was not enough to break a new record again, with light vehicles sales ended at 1.814.399 units (-1.1%), the third best performance ever.
According to data released by KAMA and KAIDA, in the 2018 the South Korean Car Passenger’s market is stable.
After ending the Q1 with 424.721 sales (-0.7%) and the Q2 with 466.881 (-0.9%), in July sales have been 154.330 (+4.1%), in August 145.542 (+5.2%) and in September 127.352 (-17.2%). October starts the Q4 with sales at 160.370 (+23.7%). The year to date figures at 1.484.986 (+1.1%) and full year sales projection at 1.815.409 (+1.7%).
Focus2move Automotive Market Reports provide a comprehensive and extensive overview about this market including information on the cars and light commercial market size, market share and industry trends, with a deep segment analysis and full data for brands and models in the last two years, plus forecast by T.I.V:, segments and brand up to 2025.
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Historical Data 2010-2017
1 – Global Vehicles Market Data 2010-2018
2 – Introduction to the country
3 – Market vehicles industry data & trends 2010-2017
4 – Performance by brand 2016-2017
5 – Premium Brands performance 2010-2017
6 – Car Passenger’s segmentation 2010-2017
7 – Car Passenger’s sales & share by Model 2016-2017
8 – Light Commercial Vehicles segmentation 2010-2017
9 – LCVs sales & share by model 2016-2017
Future Outlook 2018-2025
10 – Global Automotive Mega Trends
11 – Global Vehicles Market Forecast 2018-2025
12 – Local Vehicles Market Mega Trends 2018-2025
13 – Local Vehicles Market Forecast 2018-2025
14 – Brand Performance Forecast 2018-2025
15 – Car Passenger’s Segments Forecast 2018-2025
16 – LCVs segments Forecast 2018-2025
AX – Sources
AX – Methodology
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