Mercedes-Benz and BMW Lead September Growth in South Korean Imported Car Sales

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5 days ago

Industry data released on Monday indicated a significant rise in South Korea's imported car market, with September sales increasing by 10.1% compared to the previous year, reaching 24,839 vehicles. This growth is attributed to the stable supply of new models from foreign brands.

Mercedes-Benz emerged as the top-selling brand in September, achieving 8,382 units sold, marking a 20.2% increase from the prior year. BMW followed with sales of 7,082 units, reflecting a 14.4% rise. Other notable brands included Tesla, Lexus, and Volvo, with sales figures of 1,349, 1,312, and 1,282 units, respectively.

In terms of fuel types, imported hybrid vehicles dominated the market, accounting for 15,177 units and representing 61.1% of total imported car sales. Gasoline vehicles made up 21.3%, while fully electric and plug-in hybrids comprised 11.1% and 3.4% of sales, respectively.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.