April 19, 2024

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[THE INVESTOR] South Korea became the world’s fifth-largest market for German automaker Mercedes-Benz in the first half of this year, backed by the brisk sales of its E Class and S Class sedans, the carmaker said on Aug. 7.

Korean customers purchased a total of 37,723 Mercedes-Benz vehicles during the first half of 2017, up by 54 percent compared with the same period last year, the carmaker’s Seoul branch said.

Last year, the country was the eighth-largest market for the German luxury carmaker.

Korea ranked the third in terms of the number of E-Class and S-Class vehicles sold, beating Germany which came in fourth for the two models.

The number of E Class cars sold in Korea reached 18,546 units in the first half, after China and the US.

The foreign carmaker sold more than 3,000 units of the E Class each month in the first half, while selling a total of 2,500 units of S-Class sedans.

By Shim Woo-hyun/The Korea Herald (ws@heraldcorp.com)