April 19, 2024
Automobiles
Korea’s imported vehicle sales fall 16% in Nov.
[THE INVESTOR] Sales of imported cars in South Korea fell 15.8 percent in October on-year, according to industry data on Dec. 6.
In November, 19,361 new imported cars were registered, according to the data from the Korea Automobile Importers and Distribution Association.
The November reading also marks a 6.1 percent on-month fall, the data showed.
In the first 11 months of the year, foreign vehicle sales amounted to 205,162 units, down 6.5 percent from 219,534 units a year earlier.
Since peaking at a record monthly sale of 24,366 in December 2015, foreign auto sales have been on a decline due to the expiry of a special tax incentive and the recent ban on sales of Audi and Volkswagen car models here after an emissions scandal.
(theinvestor@heraldcorp.com)
In November, 19,361 new imported cars were registered, according to the data from the Korea Automobile Importers and Distribution Association.
The November reading also marks a 6.1 percent on-month fall, the data showed.
In the first 11 months of the year, foreign vehicle sales amounted to 205,162 units, down 6.5 percent from 219,534 units a year earlier.
Since peaking at a record monthly sale of 24,366 in December 2015, foreign auto sales have been on a decline due to the expiry of a special tax incentive and the recent ban on sales of Audi and Volkswagen car models here after an emissions scandal.
(theinvestor@heraldcorp.com)
