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HomeLatestS.Korea's imported automotive sale falls in April

S.Korea's imported automotive sale falls in April

SEOUL, May 4 (Xinhua) — South Korea’s imported automotive gross sales fell in single digits final month because of a chronic provide scarcity of semiconductors used to make autos, business information confirmed Wednesday.

The variety of imported autos offered right here was 23,070 in April, down 9.8 p.c from a yr earlier, in response to the Korea Automobile Importers & Distributors Association (KAIDA).

The continued provide scarcity of chips led to the decrease sale of overseas luxurious autos.

For the primary 4 months of this yr, the home sale of imported automobiles stood at 84,802 models, down 13.0 p.c in comparison with the identical interval of final yr.

German carmaker Mercedes-Benz ranked first when it comes to automotive gross sales right here amongst overseas firms by promoting 7,822 autos final month.

Another German automaker BMW got here subsequent with the native sale of 6,658 models, adopted by Volvo with 1,332 models and Audi with 1,051 models respectively.

The variety of European fashions offered right here was 20,399 in April, accounting for 88.4 p.c of the entire. Japanese and U.S. manufacturers recorded the market shares of 5.7 p.c and 5.9 p.c every final month.

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