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The Korea Herald
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THE INVESTOR
March 29, 2024

Automobiles

Imported vehicle sales jump 20% in March

  • PUBLISHED :April 05, 2018 - 10:33
  • UPDATED :April 05, 2018 - 10:33
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[THE INVESTOR] Sales of imported vehicles in Korea jumped 20 percent in March compared with a year earlier on strong demand for German cars, industry data showed on April 5.

The number of newly registered foreign vehicles rose to 26,402 in the one-month period, from 22,080 a year earlier, the Korea Automobile Importers and Distributors Association said in a statement.

The three best-selling models were the Mercedes-Benz E 200 sedan, the BMW 520d sedan and the Lexus ES300h sedan. Six out of 10 imported vehicles sold in Korea last month were from Germany, the statement said.

In the January-March period, imported car sales reached 67,405 units, up 23 percent from 54,966 on-year, with their share in the domestic passenger car market standing at 18.41 percent, higher than 15.2 percent a year ago, a KAIDA spokeswoman said.

As Audi Volkswagen Korea has recently resumed sales of their models, KAIDA expects registrations of imported cars to grow to 256,000 units this year, up 9 percent from 233,088 units sold in 2017.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)

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