April 26, 2024
Automobiles
Imported commercial vehicle sales fall 27% in Sept.
[THE INVESTOR] Sales of imported commercial vehicles fell 27 percent last month from a year earlier on lower demand, a local automobile association said on Oct. 15.
The number of newly registered imported commercial vehicles fell to 271 units in September from 367 a year ago, the Korea Automobile Importers and Distributors Association said in a statement.
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“Local demand for imported trucks, buses and vans declined recently as the Korean economy is slowing down amid rising rates and debts. As a result, demand from the construction industry has weakened,” a KAIDA spokeswoman said over the phone.
Imported commercial vehicles are widely viewed as being more upmarket than domestically produced rivals.
In the January-September period, the number of imported commercial cars sold in Korea rose 2.4 percent to 3,369 units from 3,291 in the same period a year ago, it said.
The five major imported commercial car brands are MAN, Mercedes-Benz, Volvo Trucks, Scania and Iveco. They sell trucks, buses and vans.
By Song Seung-hyun and newswires (ssh@heraldcorp.com)
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