S. Korea’s Imported Car Sale Fell 9.2 Percent Last Month

South Korea’s imported car sales fell in single digits last month, due to the supply shortage of some brands, industry data showed, today.

The number of imported vehicles sold here stood at 21,339 last month, down 9.2 percent from a year earlier, according to the Korea Automobile Importers and Distributors Association (KAIDA).

German carmaker, Mercedes-Benz, ranked first in terms of automotive sales here, among foreign companies, by selling 6,292 units last month.

Another German automaker, BMW, came next with the domestic sale of 6,036 units, trailed by Volve with 1,502 units, Porsche with 1,005 units, and Lexus with 974 units.

The number of European models sold here was 18,434 in May, accounting for 86.4 percent of the total. Japanese and U.S. brands recorded 8.0 percent and 5.6 percent, market shares, each.

For the first five months of this year, the imported vehicle sales totaled 103,933 units, down 4.0 percent compared to the same period last year

Source: Nam News Network