SEOUL, Sept. 5 (Xinhua) — South Korea’s imported automotive gross sales grew final month as a consequence of stable demand for German luxurious fashions, business knowledge confirmed Monday.
The variety of imported automobiles bought right here was 23,850 in August, up 7.4 p.c from the identical month final yr, in accordance with the Korea Automobile Importers & Distributors Association.
It was attributable to larger demand for German manufacturers, offsetting the continued scarcity in semiconductors used to make automobiles.
German automaker BMW ranked first when it comes to automotive gross sales right here amongst overseas firms by promoting 7,303 models final month.
Another German carmaker Mercedes-Benz got here subsequent with native gross sales of 5,940 models, adopted by Audi with 2,310 models, Chevrolet with 1,067 models, and Volkswagen with 1,043 models, respectively.
The variety of European fashions bought right here was 19,927 in August, accounting for 83.6 p.c of the whole.
U.S. and Japanese manufacturers recorded market shares of 10.4 p.c and 6.1 p.c every final month.
For the primary eight months of this yr, the home gross sales of imported automobiles stood at 176,282 models, down 9.3 p.c in comparison with the identical interval final yr.
The provide disruptions of chips led to decrease gross sales of overseas automobiles this yr.