[TechWeb] News on November 5, according to foreign media reports, data from the Korea Automobile Importers and Distributors Association showed that due to reduced inventory and insufficient supply of some models, sales of imported cars in the Korean market fell by 0.
4% year-on-year in October.
A total of 21,249 vehicles were sold, slightly lower than the 21,329 vehicles in the same period last year.
In terms of manufacturers, Mercedes-Benz was the highest-selling imported brand in South Korea in October.
Their cars sold 6,427 units in South Korea in October, accounting for 30% of the imported cars sold that month.
In October, BMW, the imported brand that was second only to Mercedes-Benz in the Korean market, was Germany’s other largest automaker.
Their car sales were 6,113 units, accounting for 28.77%. Mercedes-Benz and BMW account for more than 50%, which means that other manufacturers will account for a lower proportion of imports sold by South Korea in October.
According to data from the Korea Automobile Importers and Distributors Association, the third-highest-selling imported car brand in South Korea in October was Lexus, with sales of 1283 vehicles, less than 20% of Mercedes-Benz’s.
Tesla, which has a certain share of South Korea’s electric vehicle market, sold 1,263 vehicles in South Korea in October, making it the fourth-highest-selling imported car brand, slightly lower than Lexus.
Volvo sold 1,161 cars in South Korea in October, ranking fifth.
Data from the Korea Automobile Importers and Distributors Association also showed that a considerable proportion of the electric vehicles Tesla sold in the Korean market in October were Model Y, reaching 951 units.
The Model Y was also the third-highest-selling imported model in the Korean market in October, second only to the Mercedes-Benz E200 and the BMW 520.
The former sold 1,038 units in South Korea in October, and the latter sold 1,031 units.
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