SEOUL, Dec. 5 (Xinhua) — South Korea’s imported automobile gross sales logged a double-digit fall final month amid rising issues about an financial slowdown, business knowledge confirmed Tuesday.
The variety of imported autos offered right here stood at 24,740 in November, down 12.3 % from the identical month of final 12 months, in keeping with the Korea Automobile Importers & Distributors Association.
The double-digit discount was attributed to the financial stoop that led to weakened personal consumption.
German carmaker Mercedes-Benz ranked first by way of automotive gross sales right here amongst overseas firms by promoting 7,168 items final month.
Another German automaker BMW got here subsequent with native gross sales of seven,032 items, adopted by Volvo with 1,640 items, Audi with 1,392 items and Lexus with 1,183 items.
The variety of European fashions offered right here was 20,833 final month, accounting for 84.2 % of the whole. Japanese and U.S. manufacturers recorded a market share of 8.9 % and 6.9 % every.
For the primary 11 months of this 12 months, the imported automobile gross sales totaled 243,811 items, down 3.9 % in comparison with the identical interval of final 12 months.