SEOUL, Aug. 3 (Xinhua) — South Korea’s imported automobile gross sales fell final month because of the finish of consumption tax cuts, trade knowledge confirmed Thursday.
The variety of imported automobiles offered right here stood at 21,138 in July, down 1.3 p.c from a yr earlier, in accordance with the Korea Automobile Importers & Distributors Association (KAIDA).
The single-digit discount was attributed to the top of consumption tax cuts and the scarcity of some manufacturers.
German automaker BMW ranked first by way of automotive gross sales right here amongst overseas corporations by promoting 5,931 items final month.
Another German carmaker Mercedes-Benz got here subsequent with the native sale of 5,394 items, adopted by Audi automobiles with 1,504 items, Volvo with 1,409 items, Volkswagen with 1,195 items and Lexus with 1,088 items.
The variety of European fashions offered right here was 18,106 in July, accounting for 85.7 p.c of the full. Japanese and U.S. manufacturers recorded market shares of 8.2 p.c and 6.1 p.c, respectively.
For the primary seven months of this yr, the imported car gross sales totaled 151,827 items, down 0.4 p.c in comparison with the identical interval of final yr.