18.2 C
Wednesday, November 30, 2022
HomeLatestS. Korea's imported automobile sale grows 17.3 pct in September

S. Korea's imported automobile sale grows 17.3 pct in September



SEOUL, Oct. 6 (Xinhua) — South Korea’s imported automobile sale logged a double-digit development final month owing to strong demand for German luxurious fashions, trade knowledge confirmed Thursday.

The variety of imported autos bought right here was 23,928 in September, up 17.3 % from the identical month of final yr, based on the Korea Automobile Importers & Distributors Association (KAIDA).

It was attributable to increased demand for German manufacturers and the eased scarcity in semiconductors used to make autos.

German automaker BMW ranked first when it comes to automotive gross sales right here amongst overseas manufacturers by promoting 7,405 models final month.

Another German carmaker Mercedes-Benz got here subsequent with an area sale of 5,481 models, adopted by Audi with 1,812 models, Volkswagen with 1,470 models and Chevrolet with 1,162 models respectively.

The variety of European fashions bought right here was 19,130 in September, accounting for 79.9 % of the whole.

The U.S. and Japanese manufacturers recorded market shares of 12.5 % and seven.5 % every final month.

For the primary 9 months of this yr, the home sale of imported vehicles stood at 200,210 models, down 6.7 % in comparison with the identical interval of final yr.