SEOUL, Nov. 3 (Xinhua) — South Korea’s imported automotive sale logged a double-digit fall final month on rising fear concerning the financial downturn, trade knowledge confirmed Friday.
The variety of imported autos bought right here was 21,329 in October, down 15.9 p.c from a 12 months earlier, based on the Korea Automobile Importers & Distributors Association (KAIDA).
The double-digit discount was attributed to the financial stoop that led to the weakened non-public consumption.
German carmaker Mercedes-Benz ranked first when it comes to automotive gross sales right here amongst overseas corporations by promoting 6,612 items final month.
Another German automaker BMW got here subsequent with the native sale of 5,985 items, adopted by Volvo with 1,263 items, Audi with 1,151 items, Lexus with 963 items and Volkswagen with 853 items.
The variety of European fashions bought right here was 18,212 final month, accounting for 85.4 p.c of the whole. Japanese and U.S. manufacturers recorded a market share of 9.0 p.c and 5.6 p.c every.
For the primary 10 months of this 12 months, the imported car sale totaled 219,071 items, down 2.9 p.c in comparison with the identical interval of final 12 months.