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New vehicle sales by 5 major OEMs in South Korea decrease 5.8% in July
Five Korean automakers announced domestic new vehicle sales in July. New vehicle sales in South Korea decreased by 5.8% compared to the same month in the previous year to 114,818 units. Automobile demand seems to have declined due to the termination of special consumption tax cut (from 5.0% to 3.5%) for passenger car....
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