SEOUL, May 4 (Xinhua) — South Korea’s imported automobile sale fell in single digit final month amid the upper borrowing price, trade information confirmed Thursday.
The variety of imported autos bought right here stood at 20,910 in April, down 9.4 % from a 12 months earlier, in keeping with the Korea Automobile Importers & Distributors Association (KAIDA).
The discount was attributed to increased rates of interest, which weakened demand for brand spanking new automobile buy with borrowed cash, in addition to the availability scarcity of some fashions.
German carmaker Mercedes-Benz ranked first when it comes to automotive gross sales right here amongst overseas corporations by promoting 6,176 items final month.
Another German automaker BMW got here subsequent with the home sale of 5,836 items, trailed by Volve with 1,599 items, Porsche with 1,146 items and Lexus with 1,025 items, respectively.
The variety of European fashions bought right here was 17,625 in April, accounting for 84.3 % of the overall. Japanese and U.S. manufacturers recorded a market share of 8.2 % and seven.5 %, respectively.
For the primary 4 months of this 12 months, the imported automobile gross sales totaled 82,594 items, down 2.6 % in comparison with the identical interval of final 12 months.