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New vehicle sales by 5 major OEMs in South Korea increase 5.8% in October
,316 units, GM Korea increased by 7.3% to 396,608 units, KG Mobility decreased 12.6% to 89,888 units and Renault Korea decreased 17.0% to 77,112 units. In terms of sales by model in October, Kia’s mid-size SUV Sorento was ranked first with 7,962 units sold, followed by Hyundai’s mid-size sedan Grandeur in second place with 7,433 units sold and Hyundai’s mid-size SUV Santa Fe was third in sales with 7,294 units. Hyundai press releaseKia pre...
News Updated at: 2024/11/05
New vehicle sales by 5 major OEMs in South Korea decrease 0.9% in September
2,315,332 units, GM Korea increased by 7.2% to 346,587 units, KGM decreased 16.3% to 80,643 units and Renault Korea decreased 25.9% to 64,656 units. In terms of sales by model in September, Kia’s midsize SUV Sorento was ranked first with 6,628 units sold, followed by Hyundai’s mid-size sedan Grandeur in second place with 6,120 units sold and Hyundai’s mid-size SUV Santa Fe was third in sales with 5,314 units.Hyundai press releaseKia pres...
News Updated at: 2024/10/03
New vehicle sales by 5 major OEMs in South Korea decrease 0.9% in August
,065,908 units, GM Korea increased by 7.3% to 307,620 units, KGM decreased 15.9% to 73,006 units and Renault Korea decreased 28.3% to 56,031 units. In terms of sales by model in August, Hyundai’s midsize sedan Sonata was ranked first with 6,317 units sold, followed by Hyundai’s mid-size sedan Grandeur in second place with 6,187 units sold and Kia’s compact SUV Sportage was third in sales with 5,988 units. Hyundai press releaseKia press re...
News Updated at: 2024/09/03
New vehicle sales by 5 major OEMs in South Korea decrease 4.3% in July
ts, KGM decreased 14.6% to 64,878 units and Renault Korea decreased 31.7% to 47,580 units. In terms of sales by model in July, Kia’s midsize SUV Sorento was ranked first with 7,596 units sold, followed by Kia’s MPV Carnival in second place with 7,050 units sold and Hyundai’s mid-size sedan Grandeur was third in sales with 6,287 units. Hyundai press releaseKia press release...
News Updated at: 2024/08/05
New vehicle sales by 5 major OEMs in South Korea decreased 7.3% in April
rea decreased 37.6% to 26,453 units and KG Mobility decreased 13.2% to 39,077 units. In terms of sales by model in April, Kia’s midsize SUV Sorento was ranked first with 7,865 units sold, followed by Kia’s compact SUV Sportage in second place with 7,179 units sold and Hyundai’s mid-size sedan Grandeur was third in sales with 7,085 units. Hyundai press releaseKia press release...
News Updated at: 2024/05/07
GlobalData blog: An unexpected event in 2023, BEV slowdown and the revival of hybrids in Asia-Pacific
veloped HEVs in order to earn valuable Corporate Average Fuel Consumption (CAFC) credits. Korea: Stricter emission norms are driving consumers away from diesel vehicles and towards hybrids, especially in the mid-to-large-size and SUV segments. Sales of HEV versions of key models such as Hyundai’s Grandeur and Santa Fe, plus Kia’s K8 and Sorento accounted for more than half of their total sales in 2023. India: Despite the GST tax rate for HEVs...
News Updated at: 2024/03/07
New vehicle sales by 5 major OEMs in South Korea down 12.9% in December, up 4.6% in 2023
volume increased by 6.9% y/y to 4,216,680 units, Kia increased by 6.3% to 3,080,043 units, GM Korea increased by 76.7% to 468,059 units, Renault Korea decreased 38.5% to 104,276 units, and KG Mobility increased 2.2% to 116,428 units. In terms of sales by model in 2023, the Hyundai’s premium sedan Grandeur is ranked first with 113,062 units sold, followed by Hyundai’s light-duty truck Porter in second place with 97,675 units sold. Kia’s mids...
News Updated at: 2024/01/05
Hyundai to halt Asan plant in S.Korea for preparation of EV production
Asan, South Korea, to construct an electric vehicle facility in the period between Dec 31. 2023 to Feb. 13, 2024. Hyundai plans to install equipment for its large electric SUV, the Ioniq 7, during this period. The Asan plant, which can produce 300,000 units per year, currently produces the Sonata, Grandeur, and Ioniq 6.Due to multiple car models are produced on one line, the plant will pause production. Hyundai Motor said it plans to resume oper...
News Updated at: 2023/11/28
New vehicle sales by 5 major OEMs in South Korea decrease 6.2% in September
20 units, GM Korea increased by 68.9% to 323,319 units, KG Mobility increased 19.8% to 96,399 units and Renault Korea decreased 29.3% to 87,201 units.In terms of sales by model in September, Kia’s mid-size SUV Sorento was ranked first with 10,190 units sold, followed by Hyundai’s mid-size sedan Grandeur in second place with 8,159 units sold and Hyundai’s light-duty truck Porter was third in sales with 5,781 units.Hyundai press releaseKia pr...
News Updated at: 2023/10/05
Toyota to launch new Century model in Japan
ts SUV-like body style to secure overwhelming spaces for both legroom and head clearance. It measures 5,205 mm long (130 mm shorter than the sedan model), 1,990 mm wide (60 mm wider), 1,850 mm high (300 mm higher) with a 2,950 mm wheelbase (140mm shorter) and have seats for four people.The "stately grandeur" theme shows throughout in a dignified vehicle adorned with Japanese aesthetic elements. It has majestic, dignified body design with both hor...
News Updated at: 2023/09/06
New vehicle sales by 5 major OEMs in South Korea increase 1.5% in August
les volume increased by 8.6% y/y to 2,765,554 units, Kia increased by 8.8% to 2,088,797 units, GM Korea increased by 72.0% to 286,727 units, KG Mobility increased 25.6% to 86,816 units and Renault Korea decreased 25.2% to 78,096 units.In terms of sales by model in August, Hyundai’s mid-size sedan Grandeur was ranked first with 8,820 units sold, followed by Kia’s mid-size SUV Sorento in second place with 7,176 units sold and Hyundai’s light-...
News Updated at: 2023/09/04
New vehicle sales by 5 major OEMs in South Korea decrease 5.8% in July
.3% to 1,833,338 units, GM Korea increased by 71.4% to 255,011 units, KG Mobility increased 30.0% to 75,993 units and Renault Korea decreased 24.9% to 69,682 units.In terms of sales by model in July, Hyundai’s light-duty truck Porter was ranked first with 8,670 units sold, followed by Hyundai’s Grandeur in second place with 8,531 units sold and Kia’s compact SUV Sportage was third in sales with 6,625 units.Hyundai press releaseKia press rel...
News Updated at: 2023/08/02
New vehicle sales by 5 major OEMs in South Korea increase 10.5% in June
undai global sales volume increased by 10.8% y/y to 2,081,462 units, Kia increased by 10.9% to 1,573,170 units, GM Korea increased by 74.6% to 214,306 units, KG Mobility increased 36.5% to 64,965 units and Renault Korea decreased 14.8% to 64,847 units.In terms of sales by model in June, Hyundai’s Grandeur was ranked first with 11,528 units sold, followed by Hyundai’s light-duty truck Porter in second place with 8,250 units sold and Kia’s mi...
News Updated at: 2023/07/04
New vehicle sales by 5 major OEMs in South Korea increase 8.8% in May
hicle sales in May. New vehicle sales in South Korea increased by 8.8% compared to the same month in the previous year to 130,300 units. Sales increased due to the easing of supply shortages of semiconductors and parts, and the contribution of new models launches including Hyundai Motor’s all-new Grandeur midsize sedan.By company, Hyundai Motor was the leader with sales of 68,680 units (52.7% market share), an increase of 8.4% year-over-year (y...
News Updated at: 2023/06/02
New vehicle sales by 5 major OEMs in South Korea increase 7.4% in April
cle sales in April. New vehicle sales in South Korea increased by 7.4% compared to the same month in the previous year to 128,360 units. Sales increased due to the easing of supply shortages of semiconductors and parts, and the contribution of new models launches including Hyundai Motor’s all-new Grandeur midsize sedan.By company, Hyundai Motor was the leader with sales of 66,660 units (51.9% market share), an increase of 12.2% year-over-year (...
News Updated at: 2023/05/08
New vehicle sales by 5 major OEMs in South Korea increase 26.8% in March
bal sales volume increased by 13.0% y/y to 1,020,316 units, Kia increased by 12.0% to 767,700 units, GM Korea increased by 37.4% to 83,223 units, Renault Korea decreased 6.9% to 32,816 units and Ssangyong increased 50.8% to 35,113 units.In terms of sales by model in March, Hyundai’s midsize sedan Grandeur was ranked first with 10,916 units sold, followed by Hyundai’s light-duty truck Porter in second place with 10,282 units sold and Kia’s m...
News Updated at: 2023/04/04
FAW Hongqi’s new Hongqi H6 luxury sedan rolls off production line at Fanrong Plant
FAW Hongqi’s new Hongqi H6 luxury sedan rolls off production line at Fanrong Plant On March 1, FAW Group announced that FAW Hongqi’s new Hongqi H6 midsize luxury sedan rolls off the production line at the Fanrong Plant in Changchun, Jilin. Featuring Hongqi’s styling design aesthetics of “nobility, exquisiteness, and grandeur”, the vehicle presents an overall style that balances fashion, luxury, and comfort, meeting users’ diversified ...
News Updated at: 2023/03/06
New vehicle sales by 5 major OEMs in South Korea increase 21.4% in February
to 489,132 units, GM Korea increased by 18.7% to 42,442 units, Renault Korea decreased 30.8% to 17,195 units and Ssangyong increased 46.0% to 21,434 units.In terms of sales by model in February, Hyundai’s light-duty truck Porter was ranked first with 11,099 units sold, followed by mid-size sedan Grandeur in second place with 9,817 units sold and Kia’s light-duty truck Bongo was third in sales with 8,977 units.Hyundai press releaseKia press r...
News Updated at: 2023/03/03
New vehicle sales by 5 major OEMs in South Korea increase 7.1% in January
rose by 25.9% to 16,251 units and Ssangyong’s sales jumped 44.8% to 11,003 units. Renault Korea’s sales decreased 24.6% to 10,045 units. The overall global sales total of the five companies were 575,729 units, an increase of 8.7%.In terms of sales by model in January, Hyundai’s mid-size sedan Grandeur was ranked first with 9,131 units sold, followed by Kia’s MPV Carnival in second place with 6,904 units sold and Hyundai’s light-duty tru...
News Updated at: 2023/02/02
New vehicle sales by 5 major OEMs in South Korea up 1.6% in December, down 3.1% in 2022
reased 27.8% to 169,641 units, and Ssangyong increased 34.9% to 113,960 units.In terms of sales by model in 2022, the Hyundai’s light-duty truck Porter is ranked first with 92,411 units sold, followed by Kia’s midsize SUV Sorento in second place with 68,902 units sold. Hyundai’s premium sedan Grandeur was third in sales with 67,030 units sold.Hyundai press releaseKia press release...
News Updated at: 2023/01/05