April 20, 2024
Automobiles
Gasoline cars log 50% market share in H1
[THE INVESTOR] Gasoline-powered vehicles regained a 50 percent market share for new cars in the January-June period, industry data showed on Aug. 1.
Gasoline cars accounted for 50.2 percent of Korea’s total new car registrations in the first half, data by the Korea Automobile Manufacturers Association showed.
This marks the first time in four years that gasoline vehicle sales surpassed the 50 percent mark. In 2013, gasoline cars accounted for 52.7 percent of all new cars sold, KAMA said.
Diesel car registrations continued to rise to 44.7 percent in 2015 from 32.4 percent in 2013 but fell to 36.3 percent in the first half this year, KAMA data showed.
The decline is attributed to customers increasingly opting for alternatives to fuel-efficient but fine-dust emitting diesel cars, with more looking at environment-friendly hybrid and electric cars.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Gasoline cars accounted for 50.2 percent of Korea’s total new car registrations in the first half, data by the Korea Automobile Manufacturers Association showed.
This marks the first time in four years that gasoline vehicle sales surpassed the 50 percent mark. In 2013, gasoline cars accounted for 52.7 percent of all new cars sold, KAMA said.
Diesel car registrations continued to rise to 44.7 percent in 2015 from 32.4 percent in 2013 but fell to 36.3 percent in the first half this year, KAMA data showed.
The decline is attributed to customers increasingly opting for alternatives to fuel-efficient but fine-dust emitting diesel cars, with more looking at environment-friendly hybrid and electric cars.
By Alex Lee and newswires (alexlee@heraldcorp.com)
