Five Korean automakers announced domestic new vehicle sales in June. New vehicle sales in South Korea increased by 5.0% compared to the same month in the previous year to 117,390 units. Although exports saw a slight decline, domestic sales were buoyed by the extension of the individual consumption tax cut on passenge

Five Korean automakers announced domestic new vehicle sales in May. New vehicle sales in South Korea decreased by 2.9% compared to the same month in the previous year to 113,139 units. The decrease was attributed to fewer working days during the early May holidays and weaker consumer demand. However, the impact was p

Five Korean automakers announced domestic new vehicle sales in April. New vehicle sales in South Korea increased by 8.1% compared to the same month last year to 128,639 units. Hyundai Motor and Kia reported higher sales both domestically and overseas, while GM Korea, Renault Korea, and KGM experienced declines.
By co

Five Korean automakers announced domestic new vehicle sales in March. New vehicle sales in South Korea increased by 2.9% compared to the same month in the previous year to 123,817 units. Despite the broader economic slowdown, domestic growth was supported by individual consumption tax cuts, electric vehicle subsidies

Five Korean automakers announced domestic new vehicle sales in February. New vehicle sales in South Korea increased by 13.2% compared to the same month in the previous year to112,258 units. As the Lunar New Year holiday fell in January this year, sales appear to have recovered due to an increase in the number of work

Five Korean automakers announced domestic new vehicle sales in January. New vehicle sales in South Korea declined by 11.8% year-over-year (y/y) to 90,587 units. Due to the impact of the Lunar New Year holiday, the reduction in business days in February also affected production for both domestic sales and exports.
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Five Korean automakers announced domestic new vehicle sales. In December, new vehicle sales in South Korea increased by 4.0% compared to the same month in the previous year, reaching 118,812 units. Meanwhile, full-year vehicle sales in 2024 decreased by 6.4% year-over-year (y/y) to 1,356,706 units.
In 2024, Hyundai M

Five Korean automakers announced domestic new vehicle sales in November. New vehicle sales in South Korea decreased by 6.4% compared to the same month in the previous year to 123,616 units. While the total domestic sales were down compared to the same month last year, growth in exports helped offset these losses. Not

Five Korean automakers announced domestic new vehicle sales in October. New vehicle sales in South Korea increased by 5.8% compared to the same month in the previous year to 123,810 units. 
　
By company, Hyundai Motor led with 64,912 units sold (52.4% market share), a year-over-year (y/y) increase of 0.9%. Kia Motors

Five Korean automakers announced domestic new vehicle sales in September. New vehicle sales in South Korea decreased by 0.9% compared to the same month in the previous year to 105,448 units. The decline in sales was influenced by rising prices and interest rates, as well as reduced production due to the Chuseok holid

 Five Korean automakers announced domestic new vehicle sales in August. New vehicle sales in South Korea decreased by 0.9% compared to the same month in the previous year to 105,504 units. While sales continued to decline due to reduced demand for electric vehicles, as well as rising prices and interest rates, the pr

Five Korean automakers announced domestic new vehicle sales in July. New vehicle sales in South Korea decreased by 4.3% compared to the same month in the previous year to 109,924 units, due to declining domestic demand.
By company, Hyundai Motor was the leader with sales of 56,009 units (51.0% market share), a decrea

Five Korean automakers announced domestic new vehicle sales in June. New vehicle sales in South Korea decreased by 16.4% compared to the same month in the previous year to 111,851 units. While South Korean automakers continued to face sluggish domestic demand in June, KGM, Renault Korea, and GM Korea experienced incr

On a trend sales basis, represented by the 12-month rolling sum, Korean sales of Zero-Emission Vehicles (ZEVs) i.e., Battery Electric Vehicles (BEVs) and Fuel Cell Electric Vehicles (FCEVs), fell by 17% over the last year while sales of HEVs (full- and plug-in hybrids) increased by nearly 45%, as of April 2024. ZEV s

Five Korean automakers announced domestic new vehicle sales in May. New vehicle sales in South Korea decreased by 10.6% compared to the same month in the previous year to 116,552 units. The combination of delays in the delivery of hybrid vehicles, sluggish demand for electric vehicles, and high-interest rate burdens

Five Korean automakers announced domestic new vehicle sales in April. New vehicle sales in South Korea decreased by 7.3% compared to the same month in the previous year to 118,978 units. This decrease in sales aligns with a notable downturn in consumer sentiment, primarily attributed to rapid inflation and persistent

Five Korean automakers announced domestic new vehicle sales in March. New vehicle sales in South Korea decreased by 14.6% compared to the same month in the previous year to 120,289 units due to sluggish demand in its home market.
By company, Hyundai Motor was the leader with sales of 62,504 units (52.0% market share)

Five Korean automakers announced domestic new vehicle sales in February. New vehicle sales in South Korea decreased by 20.7% compared to the same month in the previous year to 99,203 units. A reduction in the number of business days in February due to the Lunar New Year holiday and the delayed announcement of subsidi

Five Korean automakers announced domestic new vehicle sales in January. New vehicle sales in South Korea increased by 2.3% compared to the same month in the previous year to 102,719 units.
By company, Hyundai Motor was the leader with sales of 49,810 units (48.5% market share), a decrease of 3.3% year-over-year (y/y)

Five Korean automakers announced domestic new vehicle sales. In December, new vehicle sales in South Korea decreased by 12.9% compared to the same month in the previous year to 114,290 units, while 2023 full year vehicle sales in Korea increased 4.6% year-over-year (y/y) to 1,449,885 units.
In 2023, Hyundai Motor was