SEOUL, Sept. 5 (Xinhua) — South Korea’s imported automobile sale fell final month as a result of finish of consumption tax cuts, business information confirmed Tuesday.
The variety of imported automobiles offered right here was 23,350 in August, down 2.1 p.c from a 12 months earlier, based on the Korea Automobile Importers & Distributors Association (KAIDA).
The single-digit discount was attributed to the tip of consumption tax cuts.
German carmaker Mercedes-Benz ranked first when it comes to automotive gross sales right here amongst overseas firms by promoting 6,588 items final month.
Another German automaker BMW got here subsequent with the native sale of 6,304 items, adopted by Audi with 1,551 items, Volkswagen with 1,417 items, Porsche with 1,111 items, and Lexus with 1,091 items.
The variety of European fashions offered right here was 20,064 in August, accounting for 85.9 p.c of the full. Japanese and U.S. manufacturers recorded market shares of 8.3 p.c and 5.8 p.c every.
For the primary eight months of this 12 months, imported automobile gross sales totaled 175,177 items, down 0.6 p.c in comparison with the identical interval of final 12 months.