Korea - Automotive Sales volume, 2023

Flash report, December 2023

Jan 4, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

New vehicle sales by 5 major OEMs in South Korea down 12.9% in December, up 4.6% in 2023
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 the leader with sales of 762,077 units (52.6% market share), a increase of 10.6% y/y, followed by Kia Motors with a 4.6% increase to 563,660 units (38.9% share).
KG Mobility (Ssangyong Motor) came in third place with a 7.7% decrease to 63,345 units (4.4% share). GM Korea sales increased by 4.1% to 38,755 units (2.7% share), and fifth place Renault Korea experienced a decline in sales of 58.1%, to 22,048 units (1.5% share).
Overseas sales in 2023, including exports, for four Korean OEMs increased, by 6.2% y/y at Hyundai, 6.7% at Kia, 88.6% at GM Korea and 17.2% at KG Mobility. Renault Korea saw a sales decline of 29.7%. In total, overseas sales increased by 8.9% to 6,535,601 units.
For 2023, Hyundai global sales 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 midsize SUV Sorento was third in sales with 85,811 units sold.

South Korea - Sales of domestic make (Dec. 2023)

Make	Domestic Sales					Overseas Sales			Global Sales Total
	2023		2022		Y-o-Y	Dec. 2023	Dec. 2022	Y-o-Y	Dec. 2023	Dec. 2022	Y-o-Y
	Dec.	Share *1	Dec.	Share *1
Hyundai	62,172	54.4%	70,387	53.7%	-11.7%	280,747	275,294	2.0%	342,919	345,681	-0.8%
Kia	44,803	39.2%	50,153	38.2%	-10.7%	168,125	184,230	-8.7%	212,928	234,383	-9.2%
KG Mobility / Ssangyong	3,507	3.1%	5,520	4.2%	-36.5%	3,101	3,574	-13.2%	6,608	9,094	-27.3%
GM Korea *2	2,214	1.9%	1,840	1.4%	20.3%	49,201	21,912	124.5%	51,415	23,752	116.5%
Renault Korea *3	1,594	1.4%	3,243	2.5%	-50.8%	5,213	6,434	-19.0%	6,807	9,677	-29.7%
Total	114,290	100.0%	131,143	100.0%	-12.9%	506,387	491,444	3.0%	620,677	622,587	-0.3%

Source: Releases by each companies

South Korea - Sales of domestic make (2023)

Make	Domestic Sales					Overseas Sales			Global Sales Total
	2023		2022		Y-o-Y	2023 Total	2022 Total	Y-o-Y	2023 Total	2022 Total	Y-o-Y
	Total	Share *1	Total	Share *1
Hyundai	762,077	52.6%	688,884	49.7%	10.6%	3,454,603	3,254,038	6.2%	4,216,680	3,942,922	6.9%
Kia	563,660	38.9%	538,822	38.9%	4.6%	2,516,383	2,359,043	6.7%	3,080,043	2,897,865	6.3%
KG Mobility / Ssangyong	63,345	4.4%	68,666	5.0%	-7.7%	53,083	45,294	17.2%	116,428	113,960	2.2%
GM Korea *2	38,755	2.7%	37,237	2.7%	4.1%	429,304	227,638	88.6%	468,059	264,875	76.7%
Renault Korea *3	22,048	1.5%	52,621	3.8%	-58.1%	82,228	117,020	-29.7%	104,276	169,641	-38.5%
Total	1,449,885	100.0%	1,386,230	100.0%	4.6%	6,535,601	6,003,033	8.9%	7,985,486	7,389,263	8.1%

Source: Releases by each companies
*1: Share is based on MarkLines' own calculation. (calculated from total sales of five Korean makers)
*2: Exclude sales volume of Cadillac
*3: Includes Nissan Rogue

Registrations of new imported passenger cars

Maker/Brand	2023		2022		Y-o-Y	2023		2022		Y-o-Y
	Dec.	Share	Dec.	Share		Jan.-Dec.	Share	Jan.-Dec.	Share
BMW	7,849	28.8%	6,832	23.0%	14.9%	77,395	28.6%	78,545	27.7%	-1.5%
Mercedes-Benz	8,541	31.4%	9,451	31.9%	-9.6%	76,697	28.3%	80,976	28.6%	-5.3%
Audi	1,218	4.5%	2,641	8.9%	-53.9%	17,868	6.6%	21,402	7.6%	-16.5%
Volvo	1,608	5.9%	1,813	6.1%	-11.3%	17,018	6.3%	14,431	5.1%	17.9%
Lexus	1,370	5.0%	1,058	3.6%	29.5%	13,561	5.0%	7,592	2.7%	78.6%
Porsche	913	3.4%	985	3.3%	-7.3%	11,355	4.2%	8,963	3.2%	26.7%
Volkswagen	1,462	5.4%	2,678	9.0%	-45.4%	10,247	3.8%	15,791	5.6%	-35.1%
MINI	804	3.0%	960	3.2%	-16.3%	9,535	3.5%	11,213	4.0%	-15.0%
Toyota	893	3.3%	440	1.5%	103.0%	8,495	3.1%	6,259	2.2%	35.7%
Chevrolet	117	0.4%	475	1.6%	-75.4%	5,589	2.1%	9,004	3.2%	-37.9%
Ford/Lincoln	824	3.0%	687	2.3%	19.9%	5,108	1.9%	7,848	2.8%	-34.9%
Land Rover	335	1.2%	325	1.1%	3.1%	5,019	1.9%	3,113	1.1%	61.2%
Chrysler/Jeep	460	1.7%	573	1.9%	-19.7%	4,512	1.7%	7,166	2.5%	-37.0%
Peugeot	263	1.0%	103	0.3%	155.3%	2,026	0.7%	1,965	0.7%	3.1%
Polestar	98	0.4%	171	0.6%	-42.7%	1,654	0.6%	2,794	1.0%	-40.8%
Honda	151	0.6%	178	0.6%	-15.2%	1,385	0.5%	3,140	1.1%	-55.9%
Cadillac	116	0.4%	139	0.5%	-16.5%	975	0.4%	977	0.3%	-0.2%
Bentley	62	0.2%	29	0.1%	113.8%	810	0.3%	775	0.3%	4.5%
GM/GMC	22	0.1%	-	-%	-%	437	0.2%	-	-%	-%
Maserati	47	0.2%	32	0.1%	46.9%	434	0.2%	554	0.2%	-21.7%
Lamborghini	47	0.2%	47	0.2%	0.0%	431	0.2%	403	0.1%	6.9%
Rolls-Royce	21	0.1%	15	0.1%	40.0%	276	0.1%	234	0.1%	17.9%
DS	2	0.0%	5	0.0%	-60.0%	153	0.1%	88	0.0%	73.9%
Jaguar	0	0.0%	3	0.0%	-100.0%	54	0.0%	163	0.1%	-66.9%
Citroen	0	0.0%	0	0.0%	-%	0	0.0%	39	0.0%	-100.0%
Total	27,223	100.0%	29,640	100.0%	-8.2%	271,034	100.0%	283,435	100.0%	-4.4%

Source: Korea Automobile Importers & Distributors Association (KAIDA)

Flash report, November 2023

Dec 1, 2023

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

New vehicle sales by 5 major OEMs in South Korea increase 4.1% in November
Five Korean automakers announced domestic new vehicle sales in November. New vehicle sales in South Korea increased by 4.1% compared to the same month in the previous year to 132,021 units.
By company, Hyundai Motor was the leader with sales of 72,058 units (54.6% market share), an increase of 18.3% year-over-year (y/y), followed by Kia Motors with a 3.6% decrease to 50,022 units (37.9% share). KG Mobility (former Ssangyong Motor) came in third place with a 21.4% decrease to 5,050 units (3.8% share). GM Korea sales increased by 46.6% to 3,016 units (2.3% share), and fifth Renault Korea experienced a decrease in sales of 66.2% to 1,875 units (1.4% share). Hyundai and GM Korea, which has a low base of comparison, grew, but other manufacturers saw declines due to consumer sentiment weakening due to high interest rates and production interruptions etc.
Overseas sales, including exports, increased 2.1% at Hyundai, 3.0% at Kia, 111.9% at GM Korea. Renault Korea and KG Mobility overseas sales decreased 77.5% and 59.4% respectively.
Global sales of five automakers in November were mixed, with Hyundai's global sales up 5.0% y/y to 365,576 units, Kia’s sales up 1.7% to 259,659 units and GM Korea’s sales increased 106.1% to 47,104 units. KG Mobility’s sales decreased 37.6% to 7,000 units and Renault Korea’s sales down 73.9% to 4,523 units.
For the period January through November 2023, Hyundai global sales volume increased by 7.6% y/y to 3,869,947 units, Kia increased by 7.6% to 2,866,993 units, GM Korea increased by 72.8% to 416,692 units, KG Mobility increased 4.7% to 109,820 units and Renault Korea decreased 39.1% to 97,469 units.
In terms of sales by model in November, Kia’s mid-size SUV Sorento was ranked first with 9,364 units sold, followed by Hyundai’s light-duty truck Porter in second place with 9,255 units sold and Hyundai’s mid-size SUV Santa Fe was third in sales with 8,780 units.

South Korea - Sales of domestic make (Nov. 2023)

Make	Domestic Sales					Overseas Sales			Global Sales Total
	2023		2022		Y-o-Y	Nov. 2023	Nov. 2022	Y-o-Y	Nov. 2023	Nov. 2022	Y-o-Y
	Nov.	Share *1	Nov.	Share *1
Hyundai	72,058	54.6%	60,926	48.0%	18.3%	293,518	287,354	2.1%	365,576	348,280	5.0%
Kia	50,022	37.9%	51,879	40.9%	-3.6%	209,637	203,503	3.0%	259,659	255,382	1.7%
KG Mobility / Ssangyong	5,050	3.8%	6,421	5.1%	-21.4%	1,950	4,801	-59.4%	7,000	11,222	-37.6%
GM Korea *2	3,016	2.3%	2,057	1.6%	46.6%	44,088	20,803	111.9%	47,104	22,860	106.1%
Renault Korea *3	1,875	1.4%	5,553	4.4%	-66.2%	2,648	11,780	-77.5%	4,523	17,333	-73.9%
Total	132,021	100.0%	126,836	100.0%	4.1%	551,841	528,241	4.5%	683,862	655,077	4.4%

Source: Releases by each companies
*1: Share is based on MarkLines' own calculation. (calculated from total sales of five Korean makers)
*2: Exclude sales volume of Cadillac
*3: Includes Nissan Rogue

Registrations of new imported passenger cars

Maker/Brand	2023		2022		Y-o-Y
	Nov.	Share	Nov.	Share
Mercedes-Benz	7,168	29.0%	7,734	27.4%	-7.3%
BMW	7,032	28.4%	7,209	25.5%	-2.5%
Volvo	1,640	6.6%	2,615	9.3%	-37.3%
Audi	1,392	5.6%	1,667	5.9%	-16.5%
Lexus	1,183	4.8%	831	2.9%	42.4%
MINI	997	4.0%	1,227	4.3%	-18.7%
Volkswagen	966	3.9%	1,943	6.9%	-50.3%
Toyota	835	3.4%	467	1.7%	78.8%
Porsche	752	3.0%	963	3.4%	-21.9%
Chevrolet	576	2.3%	1,056	3.7%	-45.5%
Ford/Lincoln	555	2.2%	775	2.7%	-28.4%
Chrysler/Jeep	420	1.7%	599	2.1%	-29.9%
Land Rover	300	1.2%	401	1.4%	-25.2%
Peugeot	276	1.1%	138	0.5%	100.0%
Honda	187	0.8%	149	0.5%	25.5%
Polestar	167	0.7%	179	0.6%	-6.7%
Cadillac	115	0.5%	100	0.4%	15.0%
Bentley	65	0.3%	55	0.2%	18.2%
GM/GMC	36	0.1%	-	-%	-%
Lamborghini	33	0.1%	45	0.2%	-26.7%
Maserati	23	0.1%	31	0.1%	-25.8%
Rolls-Royce	11	0.0%	22	0.1%	-50.0%
DS	10	0.0%	10	0.0%	0.0%
Jaguar	1	0.0%	6	0.0%	-83.3%
Total	24,740	100.0%	28,222	100.0%	-12.3%

Source: Korea Automobile Importers & Distributors Association (KAIDA)

Flash report, October 2023

Nov 1, 2023

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

New vehicle sales by 5 major OEMs in South Korea decrease 2.3% in October
Five Korean automakers announced domestic new vehicle sales in October. New vehicle sales in South Korea decreased by 2.3% compared to the same month in the previous year to 117,012 units.
By company, Hyundai Motor was the leader with sales of 64,328 units (55.0% market share), an increase of 5.9% year-over-year (y/y), followed by Kia Motors with a 0.4% increase to 42,960 units (36.7% share). GM Korea came in third place with a 9.8% increase to 4,469 units (3.8% share). KG Mobility (former Ssangyong Motor) sales declined by 51.5% to 3,804 units (3.3% share), and fifth Renault Korea experienced a decrease in sales of 66.6% to 1,451 units (1.2% share).
Overseas sales, including exports, increased 10.4% at Hyundai, 9.2% at Kia, 83.8% at GM Korea. Renault Korea and KG Mobility overseas sales decreased 71.2% and 51.0% respectively. KG Mobility’s vehicle production was affected by ongoing integration of assembly lines at the Pyeongtaek plant, which resulted in decreased sales.
Global sales of five automakers in October were mixed, with Hyundai's global sales up 9.6% y/y to 377,986 units, Kia’s sales up 7.6% to 257,099 units and GM Korea’s sales increased 72.6% to 46,269 units. KG Mobility’s sales decreased 51.3% to 6,421 units and Renault Korea’s sales down 70.2% to 5,745 units.
For the period January through October 2023, Hyundai global sales volume increased by 7.9% y/y to 3,505,024 units, Kia increased by 8.3% to 2,607,343 units, GM Korea increased by 69.3% to 369,588 units, KG Mobility increased 9.8% to 102,820 units and Renault Korea decreased 34.8% to 92,946 units.
In terms of sales by model in October, Kia’s mid-size SUV Sorento was ranked first with 8,777 units sold, followed by Hyundai’s light-duty truck Porter in second place with 8,578 units sold and Hyundai’s mid-size SUV Santa Fe was third in sales with 8,331 units.

South Korea - Sales of domestic make (Oct. 2023)

Make	Domestic Sales					Overseas Sales			Global Sales Total
	2023		2022		Y-o-Y	Oct. 2023	Oct. 2022	Y-o-Y	Oct. 2023	Oct. 2022	Y-o-Y
	Oct.	Share *1	Oct.	Share *1
Hyundai	64,328	55.0%	60,736	50.7%	5.9%	313,658	284,174	10.4%	377,986	344,910	9.6%
Kia	42,960	36.7%	42,781	35.7%	0.4%	214,139	196,173	9.2%	257,099	238,954	7.6%
GM Korea *2	4,469	3.8%	4,070	3.4%	9.8%	41,800	22,741	83.8%	46,269	26,811	72.6%
KG Mobility / Ssangyong	3,804	3.3%	7,850	6.6%	-51.5%	2,617	5,336	-51.0%	6,421	13,186	-51.3%
Renault Korea *3	1,451	1.2%	4,338	3.6%	-66.6%	4,294	14,920	-71.2%	5,745	19,258	-70.2%
Total	117,012	100.0%	119,775	100.0%	-2.3%	576,508	523,344	10.2%	693,520	643,119	7.8%

Source: Releases by each companies
*1: Share is based on MarkLines' own calculation. (calculated from total sales of five Korean makers)
*2: Exclude sales volume of Cadillac
*3: Includes Nissan Rogue

Registrations of new imported passenger cars

Maker/Brand	2023		2022		Y-o-Y
	Oct.	Share	Oct.	Share
Mercedes-Benz	6,612	31.0%	7,717	30.4%	-14.3%
BMW	5,985	28.1%	6,754	26.6%	-11.4%
Volvo	1,263	5.9%	566	2.2%	123.1%
Audi	1,151	5.4%	2,637	10.4%	-56.4%
Lexus	963	4.5%	781	3.1%	23.3%
Volkswagen	853	4.0%	1,114	4.4%	-23.4%
MINI	732	3.4%	613	2.4%	19.4%
Toyota	722	3.4%	482	1.9%	49.8%
Porsche	705	3.3%	737	2.9%	-4.3%
Chevrolet	587	2.8%	1,586	6.3%	-63.0%
Ford/Lincoln	297	1.4%	211	0.8%	40.8%
Land Rover	291	1.4%	329	1.3%	-11.6%
Polestar	287	1.3%	249	1.0%	15.3%
Chrysler/Jeep	233	1.1%	767	3.0%	-69.6%
Honda	233	1.1%	273	1.1%	-14.7%
Peugeot	140	0.7%	306	1.2%	-54.2%
Bentley	73	0.3%	75	0.3%	-2.7%
Cadillac	67	0.3%	74	0.3%	-9.5%
Lamborghini	35	0.2%	53	0.2%	-34.0%
Maserati	30	0.1%	20	0.1%	50.0%
DS	27	0.1%	6	0.0%	350.0%
Rolls-Royce	17	0.1%	10	0.0%	70.0%
GM/GMC	15	0.1%	-	-%	-%
Jaguar	11	0.1%	3	0.0%	266.7%
Total	21,329	100.0%	25,363	100.0%	-15.9%

Source: Korea Automobile Importers & Distributors Association (KAIDA)

Flash report, September 2023

Oct 4, 2023

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

New vehicle sales by 5 major OEMs in South Korea decrease 6.2% in September
Five Korean automakers announced domestic new vehicle sales in September. New vehicle sales in South Korea decreased by 6.2% compared to the same month in the previous year to 106,386 units. Although the semiconductor shortage has eased, sales declined due to sluggish sales of electric vehicles (EVs), no new vehicle launches, and the long Chuseok holidays starting September 28 that include other holidays.
By company, Hyundai Motor was the leader with sales of 53,911 units (50.7% market share), a decrease of 5.3% year-over-year (y/y), followed by Kia Motors with a 11.0% increase to 44,123 units (41.5% share). KG Mobility (former Ssangyong Motor) came in third place with a 47.0% decrease to 4,069 units (3.8% share). GM Korea’s sales declined by 34.4% to 2,632 units (2.5% share), and fifth Renault Korea experienced a decrease in sales of 67.3% to 1,651 units (1.6% share).
Overseas sales, including exports, increased 0.9% at Hyundai, 3.5% at Kia, 62.2% at GM Korea and 51.2% at KG Mobility. Renault Korea overseas sales decreased 46.3%.
Global sales of four of five automakers in September were mixed, with Hyundai's global sales down 0.1% y/y to 357,151 units, KG Mobility’s sales down 15.4% to 9,583 units and Renault Korea’s sales down 51.9% to 9,105 units. Kia’s sales increased 4.7% to 260,691 units and GM Korea’s sales increased 49.6% to 36,544 units. The overall global sales total of the five companies were 673,074 units, an increase of 1.8%.
For the period January through September 2023, Hyundai global sales volume increased by 7.7% y/y to 3,127,001 units, Kia increased by 8.3% to 2,350,020 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.

South Korea - Sales of domestic make (Sep. 2023)

Make	Domestic Sales					Overseas Sales			Global Sales Total
	2023		2022		Y-o-Y	Sep. 2023	Sep. 2022	Y-o-Y	Sep. 2023	Sep. 2022	Y-o-Y
	Sep.	Share *1	Sep.	Share *1
Hyundai	53,911	50.7%	56,910	50.2%	-5.3%	303,240	300,645	0.9%	357,151	357,555	-0.1%
Kia	44,123	41.5%	39,734	35.0%	11.0%	216,568	209,299	3.5%	260,691	249,033	4.7%
KG Mobility / Ssangyong	4,069	3.8%	7,675	6.8%	-47.0%	5,514	3,647	51.2%	9,583	11,322	-15.4%
GM Korea *2	2,632	2.5%	4,012	3.5%	-34.4%	33,912	20,410	66.2%	36,544	24,422	49.6%
Renault Korea *3	1,651	1.6%	5,050	4.5%	-67.3%	7,454	13,872	-46.3%	9,105	18,922	-51.9%
Total	106,386	100.0%	113,381	100.0%	-6.2%	566,688	547,873	3.4%	673,074	661,254	1.8%

Source: Releases by each companies
*1: Share is based on MarkLines' own calculation. (calculated from total sales of five Korean makers)
*2: Exclude sales volume of Cadillac
*3: Includes Nissan Rogue

Registrations of new imported passenger cars

Maker/Brand	2023		2022		Y-o-Y
	Sep.	Share	Sep.	Share
Mercedes-Benz	6,971	30.9%	5,481	22.9%	27.2%
BMW	6,188	27.4%	7,405	30.9%	-16.4%
Volvo	1,555	6.9%	881	3.7%	76.5%
Audi	1,416	6.3%	1,812	7.6%	-21.9%
Volkswagen	1,114	4.9%	1,470	6.1%	-24.2%
Lexus	916	4.1%	860	3.6%	6.5%
MINI	738	3.3%	745	3.1%	-0.9%
Toyota	712	3.2%	682	2.9%	4.4%
Porsche	695	3.1%	333	1.4%	108.7%
Chevrolet	563	2.5%	1,162	4.9%	-51.5%
Land Rover	315	1.4%	285	1.2%	10.5%
Chrysler/Jeep	296	1.3%	1,025	4.3%	-71.1%
Polestar	292	1.3%	295	1.2%	-1.0%
Ford/Lincoln	233	1.0%	688	2.9%	-66.1%
Peugeot	172	0.8%	237	1.0%	-27.4%
Honda	105	0.5%	263	1.1%	-60.1%
Bentley	60	0.3%	87	0.4%	-31.0%
Cadillac	55	0.2%	118	0.5%	-53.4%
GM/GMC	52	0.2%	-	-%	-%
Lamborghini	49	0.2%	35	0.1%	40.0%
Maserati	30	0.1%	30	0.1%	0.0%
DS	18	0.1%	7	0.0%	157.1%
Rolls-Royce	15	0.1%	15	0.1%	0.0%
Jaguar	5	0.0%	12	0.1%	-58.3%
Total	22,565	100.0%	23,928	100.0%	-5.7%

Source: Korea Automobile Importers & Distributors Association (KAIDA)

Flash report, August 2023

Sep 1, 2023

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

New vehicle sales by 5 major OEMs in South Korea increase 1.5% in August
Five Korean automakers announced domestic new vehicle sales in August. New vehicle sales in South Korea increased by 1.5% compared to the same month in the previous year to 106,482 units. Vehicle delivery time has been shortened in accordance with the ease of the semiconductor shortage.
By company, Hyundai Motor was the leader with sales of 55,555 units (52.2% market share), an increase of 12.9% year-over-year (y/y), followed by Kia Motors with a 2.4% increase to 42,225 units (39.7% share). GM Korea came in third place with a 8.2% decrease to 3,297 units (3.1% share). KG Mobility (former Ssangyong Motor) sales declined by 43.6% to 3,903 units (3.7% share), and fifth Renault Korea experienced a decrease in sales of 62.0% to 1,502 units (1.4% share).
Overseas sales, including exports, increased 1.5% at Hyundai, 5.8% at Kia, 94.4% at GM Korea and 84.4% at KG Mobility. Renault Korea overseas sales decreased 9.9%.
Global sales of four of five automakers in August were increased, with Hyundai's global sales up 3.2% y/y to 347,377 units, Kia's sales increased 5.3% to 255,107 units, GM Korea’s sales increased by 74.2% to 31,716 units, KG Mobility’s sales increased 1.4% to 10,823 units. Renault Korea’s sales decreased 27.6% to 8,414 units. The overall global sales total of the five companies were 653,437 units, an increase of 5.5%.
For the period January through August 2023, Hyundai global sales 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-duty truck Porter was third in sales with 5,987 units.

South Korea - Sales of domestic make (Aug. 2023)

Make	Domestic Sales					Overseas Sales			Global Sales Total
	2023		2022		Y-o-Y	Aug. 2023	Aug. 2022	Y-o-Y	Aug. 2023	Aug. 2022	Y-o-Y
	Aug.	Share *1	Aug.	Share *1
Hyundai	55,555	52.2%	49,224	46.9%	12.9%	291,822	287,385	1.5%	347,377	336,609	3.2%
Kia	42,225	39.7%	41,240	39.3%	2.4%	212,882	201,135	5.8%	255,107	242,375	5.3%
GM Korea *2	3,297	3.1%	3,590	3.4%	-8.2%	28,419	14,618	94.4%	31,716	18,208	74.2%
KG Mobility / Ssangyong	3,903	3.7%	6,923	6.6%	-43.6%	6,920	3,752	84.4%	10,823	10,675	1.4%
Renault Korea *3	1,502	1.4%	3,950	3.8%	-62.0%	6,912	7,672	-9.9%	8,414	11,622	-27.6%
Total	106,482	100.0%	104,927	100.0%	1.5%	546,955	514,562	6.3%	653,437	619,489	5.5%

Source: Releases by each companies
*1: Share is based on MarkLines' own calculation. (calculated from total sales of five Korean makers)
*2: Exclude sales volume of Cadillac
*3: Includes Nissan Rogue

Registrations of new imported passenger cars

Maker/Brand	2023		2022		Y-o-Y
	Aug.	Share	Aug.	Share
Mercedes-Benz	6,588	28.2%	5,940	24.9%	10.9%
BMW	6,304	27.0%	7,303	30.6%	-13.7%
Audi	1,551	6.6%	2,310	9.7%	-32.9%
Volkswagen	1,417	6.1%	1,043	4.4%	35.9%
Porsche	1,111	4.8%	677	2.8%	64.1%
Lexus	1,091	4.7%	411	1.7%	165.5%
Volvo	1,080	4.6%	525	2.2%	105.7%
MINI	1,036	4.4%	947	4.0%	9.4%
Toyota	733	3.1%	713	3.0%	2.8%
Chrysler/Jeep	552	2.4%	496	2.1%	11.3%
Chevrolet	482	2.1%	1,067	4.5%	-54.8%
Land Rover	382	1.6%	309	1.3%	23.6%
Ford/Lincoln	233	1.0%	825	3.5%	-71.8%
Polestar	185	0.8%	553	2.3%	-66.5%
Peugeot	184	0.8%	91	0.4%	102.2%
Honda	105	0.4%	327	1.4%	-67.9%
Bentley	84	0.4%	91	0.4%	-7.7%
Cadillac	61	0.3%	84	0.4%	-27.4%
Maserati	51	0.2%	41	0.2%	24.4%
Lamborghini	40	0.2%	45	0.2%	-11.1%
GM/GMC	29	0.1%	-	-%	-%
Rolls-Royce	29	0.1%	29	0.1%	0.0%
DS	19	0.1%	4	0.0%	375.0%
Jaguar	3	0.0%	19	0.1%	-84.2%
Total	23,350	100.0%	23,850	100.0%	-2.1%

Source: Korea Automobile Importers & Distributors Association (KAIDA)

Flash report, July 2023

Aug 1, 2023

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

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 cars in the end of June and continued high interest rates.
By company, Hyundai Motor was the leader with sales of 57,503 units (50.1% market share), an increase of 2.1% year-over-year (y/y), followed by Kia Motors with a 7.2% decrease to 47,424 units (41.3% share). GM Korea came in third place with a 0.6% increase to 4,143 units (3.6% share). KG Mobility (former Ssangyong Motor) sales declined by 33.7% to 4,043 units (3.5% share), and fifth Renault Korea experienced a decrease in sales of 59.9% to 1,705 units (1.5% share).
Overseas sales, including exports, increased 1.1% at Hyundai, 2.1% at Kia, 66.6% at GM Korea and 31.0% at KG Mobility. Renault Korea overseas sales decreased 74.8%.
Global sales of all five automakers in July were increased, with Hyundai's global sales up 1.2% y/y to 334,968 units, Kia's sales increased 0.2% to 259,932 units, GM Korea’s sales increased by 56.2% to 40,705 units, KG Mobility’s sales increased 0.9% to 10,848 units and Renault Korea’s sales decreased 71.0% to 4,835 units. The overall global sales total of the five companies were 651,288 units, an increase of 1.2%.
For the period January through July 2023, Hyundai global sales volume increased by 9.3% y/y to 2,416,508 units, Kia increased by 9.3% 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.

South Korea - Sales of domestic make (Jul. 2023)

Make	Domestic Sales					Overseas Sales			Global Sales Total
	2023		2022		Y-o-Y	Jul. 2023	Jul. 2022	Y-o-Y	Jul. 2023	Jul. 2022	Y-o-Y
	Jul.	Share *1	Jul.	Share *1
Hyundai	57,503	50.1%	56,305	46.2%	2.1%	277,465	274,541	1.1%	334,968	330,846	1.2%
Kia	47,424	41.3%	51,120	41.9%	-7.2%	212,508	208,208	2.1%	259,932	259,328	0.2%
GM Korea *2	4,143	3.6%	4,117	3.4%	0.6%	36,562	21,949	66.6%	40,705	26,066	56.2%
KG Mobility / Ssangyong	4,043	3.5%	6,100	5.0%	-33.7%	6,805	4,652	46.3%	10,848	10,752	0.9%
Renault Korea *3	1,705	1.5%	4,257	3.5%	-59.9%	3,130	12,416	-74.8%	4,835	16,673	-71.0%
Total	114,818	100.0%	121,899	100.0%	-5.8%	536,470	521,766	2.8%	651,288	643,665	1.2%

Source: Releases by each companies
*1: Share is based on MarkLines' own calculation. (calculated from total sales of five Korean makers)
*2: Exclude sales volume of Cadillac
*3: Includes Nissan Rogue

Registrations of new imported passenger cars

Maker/Brand	2023		2022		Y-o-Y
	Jul.	Share	Jul.	Share
BMW	5,931	28.1%	5,490	25.6%	8.0%
Mercedes-Benz	5,394	25.5%	5,456	25.5%	-1.1%
Audi	1,504	7.1%	1,865	8.7%	-19.4%
Volvo	1,409	6.7%	1,018	4.8%	38.4%
Volkswagen	1,195	5.7%	1,041	4.9%	14.8%
Lexus	1,088	5.1%	507	2.4%	114.6%
Porsche	953	4.5%	574	2.7%	66.0%
MINI	798	3.8%	945	4.4%	-15.6%
Toyota	622	2.9%	612	2.9%	1.6%
Chevrolet	539	2.5%	1,004	4.7%	-46.3%
Chrysler/Jeep	464	2.2%	426	2.0%	8.9%
Land Rover	408	1.9%	206	1.0%	98.1%
Peugeot	180	0.9%	120	0.6%	50.0%
Ford/Lincoln	174	0.8%	1,075	5.0%	-83.8%
Polestar	121	0.6%	411	1.9%	-70.6%
Bentley	80	0.4%	95	0.4%	-15.8%
Cadillac	73	0.3%	111	0.5%	-34.2%
Lamborghini	45	0.2%	30	0.1%	50.0%
GM/GMC	41	0.2%	-	-%	-%
Honda	31	0.1%	348	1.6%	-91.1%
Maserati	30	0.1%	40	0.2%	-25.0%
Rolls-Royce	29	0.1%	24	0.1%	20.8%
DS	25	0.1%	12	0.1%	108.3%
Jaguar	4	0.0%	13	0.1%	-69.2%
Total	21,138	100.0%	21,423	100.0%	-1.3%

Source: Korea Automobile Importers & Distributors Association (KAIDA)

Flash report, June 2023

Jul 3, 2023

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

New vehicle sales by 5 major OEMs in South Korea increase 10.5% in June
Five Korean automakers announced domestic new vehicle sales in June. New vehicle sales in South Korea increased by 10.5% compared to the same month in the previous year to 133,803 units. There was a demand surge prior to the termination of special consumption tax cut (from 5.0% to 3.5%) for passenger cars since July 2018.
By company, Hyundai Motor was the leader with sales of 70,163 units (52.4% market share), an increase of 17.9% year-over-year (y/y), followed by Kia Motors with a 13.3% increase to 51,002 units (38.1% share). KG Mobility (company name changed from Ssangyong Motor on March 22) came in third place with a 25.6% increase to 5,758 units (4.3% share). GM Korea sales increased by 16.4% to 5,159 units (3.9% share), and fifth Renault Korea experienced a decrease in sales of 77.1% to 1,721 units (1.3% share).
Overseas sales, including exports, increased 7.7% at Hyundai, 5.8% at Kia, 100.7% at GM Korea, 24.0% at Renault Korea and 31.0% at KG Mobility.
Global sales of all five automakers in June were increased, with Hyundai's global sales up 9.5% y/y to 375,113 units, Kia's sales increased 7.1% to 277,633 units, GM Korea’s sales increased by 86.7% to 49,831 units, KG Mobility’s sales increased 27.9% to 10,243 units and Renault Korea’s sales decreased 39.2% to 7,297 units. The overall global sales total of the five companies were 720,117 units, an increase of 11.0%.
For the period January through June 2023, Hyundai 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 midsize SUV Sorento was third in sales with 6,978 units.

South Korea - Sales of domestic make (Jun. 2023)

Make	Domestic Sales					Overseas Sales			Global Sales Total
	2023		2022		Y-o-Y	Jun. 2023	Jun. 2022	Y-o-Y	Jun. 2023	Jun. 2022	Y-o-Y
	Jun.	Share *1	Jun.	Share *1
Hyundai	70,163	52.4%	59,510	49.2%	17.9%	304,950	283,131	7.7%	375,113	342,641	9.5%
Kia	51,002	38.1%	45,016	37.2%	13.3%	226,631	214,276	5.8%	277,633	259,292	7.1%
KG Mobility / Ssangyong	5,758	4.3%	4,585	3.8%	25.6%	4,485	3,424	31.0%	10,243	8,009	27.9%
GM Korea *2	5,159	3.9%	4,433	3.7%	16.4%	44,672	22,255	100.7%	49,831	26,688	86.7%
Renault Korea *3	1,721	1.3%	7,515	6.2%	-77.1%	5,576	4,496	24.0%	7,297	12,011	-39.2%
Total	133,803	100.0%	121,059	100.0%	10.5%	586,314	527,582	11.1%	720,117	648,641	11.0%

Source: Releases by each companies
*1: Share is based on MarkLines' own calculation. (calculated from total sales of five Korean makers)
*2: Exclude sales volume of Cadillac
*3: Includes Nissan Rogue

Registrations of new imported passenger cars

Maker/Brand	2023		2022		Y-o-Y
	Jun.	Share	Jun.	Share
BMW	8,100	30.3%	6,449	28.4%	25.6%
Mercedes-Benz	8,003	29.9%	5,845	25.8%	36.9%
Lexus	1,655	6.2%	734	3.2%	125.5%
Volvo	1,372	5.1%	1,306	5.8%	5.1%
Audi	1,347	5.0%	1,903	8.4%	-29.2%
Porsche	1,109	4.1%	669	2.9%	65.8%
MINI	970	3.6%	1,086	4.8%	-10.7%
Toyota	966	3.6%	626	2.8%	54.3%
Volkswagen	538	2.0%	1,099	4.8%	-51.0%
Land Rover	507	1.9%	182	0.8%	178.6%
Chrysler/Jeep	475	1.8%	644	2.8%	-26.2%
Chevrolet	444	1.7%	625	2.8%	-29.0%
Ford/Lincoln	330	1.2%	591	2.6%	-44.2%
Peugeot	223	0.8%	124	0.5%	79.8%
Polestar	198	0.7%	57	0.3%	247.4%
Honda	111	0.4%	469	2.1%	-76.3%
Cadillac	106	0.4%	70	0.3%	51.4%
Bentley	94	0.4%	80	0.4%	17.5%
Maserati	61	0.2%	60	0.3%	1.7%
Rolls-Royce	43	0.2%	18	0.1%	138.9%
Lamborghini	39	0.1%	35	0.2%	11.4%
DS	25	0.1%	3	0.0%	733.3%
GM/GMC	25	0.1%	-	-%	-%
Jaguar	15	0.1%	20	0.1%	-25.0%
Total	26,756	100.0%	22,695	100.0%	17.9%

Source: Korea Automobile Importers & Distributors Association (KAIDA)

Flash report, May 2023

Jun 1, 2023

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

New vehicle sales by 5 major OEMs in South Korea increase 8.8% in May
Five Korean automakers announced domestic new vehicle 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/y), followed by Kia Motors with a 10.3% increase to 50,275 units (38.6% share). KG Mobility (company name changed from Ssangyong Motor on March 22) came in third place with a 12.5% increase to 4,809 units (3.7% share). GM Korea sales jumped by 71.9% to 4,758 units (3.7% share), and fifth Renault Korea experienced a decrease in sales of 52.3% to 1,778 units (1.4% share).
Overseas sales, including exports, increased 7.7% at Hyundai, 15.2% at Kia, 172.7% at GM Korea, 175.1% at Renault Korea and 26.1% at KG Mobility.
Global sales of all five automakers in May were increased, with Hyundai's global sales up 7.8% y/y to 349,194 units, Kia's sales increased 14.3% to 268,047 units, GM Korea’s sales increased by 154.9% to 40,019 units, Renault Korea’s sales increased 76.4% to 15,154 units and KG Mobility’s sales increased 19.1% to 9,860 units. The overall global sales total of the five companies were 682,274 units, an increase of 15.4%.
For the period January through May 2023, Hyundai global sales volume increased by 11.0% y/y to 1,705,878 units, Kia increased by 11.7% to 1,296,241 units, GM Korea increased by 71.2% to 164,475 units, Renault Korea decreased 10.3% to 57,550 units and KG Mobility increased 38.3% to 54,902 units.
In terms of sales by model in May, Hyundai’s Grandeur was ranked first with 11,581 units sold, followed by Hyundai’s light-duty truck Porter in second place with 8,061 units sold and Kia’s MPV Carnival was third in sales with 6,695 units.

South Korea - Sales of domestic make (May 2023)

Make	Domestic Sales					Overseas Sales			Global Sales Total
	2023		2022		Y-o-Y	May 2023	May 2022	Y-o-Y	May 2023	May 2022	Y-o-Y
	May	Share *1	May	Share *1
Hyundai	68,680	52.7%	63,373	52.9%	8.4%	280,514	260,460	7.7%	349,194	323,833	7.8%
Kia	50,275	38.6%	45,577	38.1%	10.3%	217,772	188,994	15.2%	268,047	234,571	14.3%
KG Mobility / Ssangyong	4,809	3.7%	4,275	3.6%	12.5%	5,051	4,007	26.1%	9,860	8,282	19.1%
GM Korea *2	4,758	3.7%	2,768	2.3%	71.9%	35,261	12,932	172.7%	40,019	15,700	154.9%
Renault Korea *3	1,778	1.4%	3,728	3.1%	-52.3%	13,376	4,863	175.1%	15,154	8,591	76.4%
Total	130,300	100.0%	119,721	100.0%	8.8%	551,974	471,256	17.1%	682,274	590,977	15.4%

Source: Releases by each companies
*1: Share is based on MarkLines' own calculation. (calculated from total sales of five Korean makers)
*2: Exclude sales volume of Cadillac
*3: Includes Nissan Rogue

Registrations of new imported passenger cars

Maker/Brand	2023		2022		Y-o-Y
	May	Share	May	Share
Mercedes-Benz	6,292	29.5%	7,388	31.4%	-14.8%
BMW	6,036	28.3%	6,402	27.2%	-5.7%
Volvo	1,502	7.0%	1,015	4.3%	48.0%
Porsche	1,005	4.7%	702	3.0%	43.2%
Lexus	974	4.6%	391	1.7%	149.1%
Audi	902	4.2%	1,865	7.9%	-51.6%
Volkswagen	862	4.0%	1,182	5.0%	-27.1%
MINI	862	4.0%	1,087	4.6%	-20.7%
Toyota	629	2.9%	480	2.0%	31.0%
Land Rover	410	1.9%	144	0.6%	184.7%
Chevrolet	396	1.9%	418	1.8%	-5.3%
Ford/Lincoln	371	1.7%	1,038	4.4%	-64.3%
Chrysler/Jeep	288	1.3%	591	2.5%	-51.3%
Peugeot	171	0.8%	100	0.4%	71.0%
Polestar	141	0.7%	150	0.6%	-6.0%
Honda	106	0.5%	265	1.1%	-60.0%
Cadillac	88	0.4%	70	0.3%	25.7%
Bentley	79	0.4%	75	0.3%	5.3%
Maserati	62	0.3%	65	0.3%	-4.6%
Lamborghini	58	0.3%	30	0.1%	93.3%
GM/GMC	53	0.2%	-	-%	-%
Rolls-Royce	34	0.2%	22	0.1%	54.5%
DS	13	0.1%	8	0.0%	62.5%
Jaguar	5	0.0%	24	0.1%	-79.2%
Total	21,339	100.0%	23,512	100.0%	-9.2%

Source: Korea Automobile Importers & Distributors Association (KAIDA)

Flash report, April 2023

May 2, 2023

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

New vehicle sales by 5 major OEMs in South Korea increase 7.4% in April
Five Korean automakers announced domestic new vehicle 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 (y/y), followed by Kia Motors with a 1.8% decrease to 49,086 units (38.2% share). KG Mobility (company name changed from Ssangyong Motor on March 22) came in third place with a 15.4% increase to 5,583 units (4.3% share). GM Korea sales jumped by 77.2% to 5,230 units (4.1% share), and fifth Renault Korea experienced a decrease in sales of 22.6% to 1,801 units (1.4% share).
Overseas sales, including exports, increased 7.6% at Hyundai, 10.9% at Kia, 113.9% at GM Korea and 31.7% at KG Mobility. Renault Korea saw decline of 56.8%.
Global sales for the four automakers in April were increased, with Hyundai's global sales up 8.5% y/y to 336,212 units, Kia's sales increased 8.2% to 259,031 units, GM Korea’s sales increased by 108.4% to 41,233 units and KG Mobility’s sales increased 22.0% to 9,929 units. Renault Korea’s sales decreased  52.8% to 9,580 units. The overall global sales total of the five companies were 655,985 units, an increase of 9.8%.
For the period January through April 2023, Hyundai global sales volume increased by 12.0% y/y to 1,357,924 units, Kia increased by 11.1% to 1,027,775 units, GM Korea increased by 54.9% to 124,456 units, Renault Korea decreased 23.7% to 42,396 units and KG Mobility increased 43.4% to 45,042 units.
In terms of sales by model in April, Hyundai’s Grandeur was ranked first with 9,997 units sold, followed by Hyundai’s light-duty truck Porter in second place with 9,068 units sold and Kia’s midsize SUV Sorento was third in sales with 6,835 units.

South Korea - Sales of domestic make (Apr. 2023)

Make	Domestic Sales					Overseas Sales			Global Sales Total
	2023		2022		Y-o-Y	Apr. 2023	Apr. 2022	Y-o-Y	Apr. 2023	Apr. 2022	Y-o-Y
	Apr.	Share *1	Apr.	Share *1
Hyundai	66,660	51.9%	59,415	49.7%	12.2%	269,552	250,461	7.6%	336,212	309,876	8.5%
Kia	49,086	38.2%	49,969	41.8%	-1.8%	209,945	189,329	10.9%	259,031	239,298	8.2%
KG Mobility / Ssangyong	5,583	4.3%	4,839	4.0%	15.4%	4,346	3,301	31.7%	9,929	8,140	22.0%
GM Korea *2	5,230	4.1%	2,951	2.5%	77.2%	36,003	16,834	113.9%	41,233	19,785	108.4%
Renault Korea *3	1,801	1.4%	2,328	1.9%	-22.6%	7,779	17,990	-56.8%	9,580	20,318	-52.8%
Total	128,360	100.0%	119,502	100.0%	7.4%	527,625	477,915	10.4%	655,985	597,417	9.8%

Source: Releases by each companies
*1: Share is based on MarkLines' own calculation. (calculated from total sales of five Korean makers)
*2: Exclude sales volume of Cadillac
*3: Includes Nissan Rogue

Registrations of new imported passenger cars

Maker/Brand	2023		2022		Y-o-Y
	Apr.	Share	Apr.	Share
Mercedes-Benz	6,176	29.5%	7,822	33.9%	-21.0%
BMW	5,836	27.9%	6,658	28.9%	-12.3%
Volvo	1,599	7.6%	1,332	5.8%	20.0%
Porsche	1,146	5.5%	918	4.0%	24.8%
Lexus	1,025	4.9%	478	2.1%	114.4%
MINI	946	4.5%	779	3.4%	21.4%
Chevrolet	706	3.4%	260	1.1%	171.5%
Volkswagen	675	3.2%	847	3.7%	-20.3%
Toyota	638	3.1%	648	2.8%	-1.5%
Ford/Lincoln	542	2.6%	453	2.0%	19.6%
Audi	473	2.3%	1,051	4.6%	-55.0%
Land Rover	459	2.2%	189	0.8%	142.9%
Chrysler/Jeep	207	1.0%	565	2.4%	-63.4%
Peugeot	111	0.5%	163	0.7%	-31.9%
Cadillac	66	0.3%	72	0.3%	-8.3%
Honda	55	0.3%	195	0.8%	-71.8%
Polestar	54	0.3%	460	2.0%	-88.3%
GM/GMC	46	0.2%	-	-%	-%
Bentley	45	0.2%	66	0.3%	-31.8%
Maserati	45	0.2%	58	0.3%	-22.4%
Lamborghini	31	0.1%	20	0.1%	55.0%
Rolls-Royce	23	0.1%	12	0.1%	91.7%
Jaguar	4	0.0%	19	0.1%	-78.9%
DS	2	0.0%	4	0.0%	-50.0%
Citroen	-	-%	1	0.0%	-%
Total	20,910	100.0%	23,070	100.0%	-9.4%

Source: Korea Automobile Importers & Distributors Association (KAIDA)

Flash report, March 2023

Apr 3, 2023

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

New vehicle sales by 5 major OEMs in South Korea increase 26.8% in March
Five Korean automakers announced domestic new vehicle sales in March. New vehicle sales in South Korea increased by 26.8% compared to the same month in the previous year to 140,814 units. Sales increased due to the easing of supply shortages of semiconductors and parts, and the contribution of new models launches from the end of 2022 onward.
By company, Hyundai Motor was the leader with sales of 74,529 units (52.9% market share), an increase of 40.9% year-over-year (y/y), followed by Kia Motors with a 17.8% increase to 53,046 units (37.7% share). Ssangyong Motor (company name changed to KG Mobility on March 22) came in third place with a 74.5% increase to 8,904 units (6.3% share). Renault Korea Motors sales decreased by 40.9% to 2,636 units (1.9% share), and fifth GM Korea experienced a decrease in sales of 52.9% to 1,699 units (1.2% share).
Overseas sales, including exports, increased 17.4% at Hyundai, 9.2% at Kia, 84.2% at GM Korea and 118.4% at Renault Korea and 36.7% at Ssangyong.
Global sales for the five automakers in March were increased, with Hyundai's global sales up 21.3% y/y to 381,885 units, Kia's sales increased 10.8% to 277,957 units, GM Korea’s sales increased by 64.3% to 40,781 units and Renault Korea’s sales increased 50.1% to 15,621 units and Ssangyong’s jumped 59.1% to 13,679 units. The overall global sales total of the five companies were 729,923 units, an increase of 19.8%.
For the period January through March 2023, Hyundai global 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 midsize SUV Sorento was third in sales with 6,890 units.

South Korea - Sales of domestic make (Mar. 2023)

Make	Domestic Sales					Overseas Sales			Global Sales Total
	2023		2022		Y-o-Y	Mar. 2023	Mar. 2022	Y-o-Y	Mar. 2023	Mar. 2022	Y-o-Y
	Mar.	Share *1	Mar.	Share *1
Hyundai	74,529	52.9%	52,883	47.6%	40.9%	307,356	261,821	17.4%	381,885	314,704	21.3%
Kia	53,046	37.7%	45,025	40.5%	17.8%	224,911	205,881	9.2%	277,957	250,906	10.8%
Ssangyong	8,904	6.3%	5,102	4.6%	74.5%	4,775	3,494	36.7%	13,679	8,596	59.1%
Renault Korea *3	2,636	1.9%	4,464	4.0%	-40.9%	12,985	5,945	118.4%	15,621	10,409	50.1%
GM Korea *2	1,699	1.2%	3,609	3.2%	-52.9%	39,082	21,212	84.2%	40,781	24,821	64.3%
Total	140,814	100.0%	111,083	100.0%	26.8%	589,109	498,353	18.2%	729,923	609,436	19.8%

Source: Releases by each companies
*1: Share is based on MarkLines' own calculation. (calculated from total sales of five Korean makers)
*2: Exclude sales volume of Cadillac
*3: Includes Nissan Rogue

Registrations of new imported passenger cars

Maker/Brand	2023		2022		Y-o-Y
	Mar.	Share	Mar.	Share
Mercedes-Benz	6,533	27.4%	8,767	35.2%	-25.5%
BMW	5,664	23.8%	6,837	27.4%	-17.2%
Audi	2,260	9.5%	1,155	4.6%	95.7%
Volvo	2,156	9.0%	1,309	5.3%	64.7%
Lexus	1,376	5.8%	554	2.2%	148.4%
Porsche	1,117	4.7%	951	3.8%	17.5%
MINI	786	3.3%	1,273	5.1%	-38.3%
Toyota	785	3.3%	526	2.1%	49.2%
Ford/Lincoln	678	2.8%	344	1.4%	97.1%
Land Rover	633	2.7%	277	1.1%	128.5%
Chevrolet	565	2.4%	361	1.4%	56.5%
Volkswagen	452	1.9%	1,053	4.2%	-57.1%
Chrysler/Jeep	274	1.1%	541	2.2%	-49.4%
Peugeot	166	0.7%	290	1.2%	-42.8%
Cadillac	88	0.4%	82	0.3%	7.3%
Honda	71	0.3%	122	0.5%	-41.8%
GM/GMC	70	0.3%	-	-%	-%
Polestar	67	0.3%	249	1.0%	-73.1%
Bentley	35	0.1%	52	0.2%	-32.7%
Rolls-Royce	23	0.1%	21	0.1%	9.5%
Maserati	21	0.1%	85	0.3%	-75.3%
DS	9	0.0%	14	0.1%	-35.7%
Lamborghini	8	0.0%	30	0.1%	-73.3%
Jaguar	3	0.0%	12	0.0%	-75.0%
Citroen	-	-%	12	0.0%	-%
Total	23,840	100.0%	24,917	100.0%	-4.3%

Source: Korea Automobile Importers & Distributors Association (KAIDA)

Flash report, February 2023

Mar 2, 2023

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

New vehicle sales by 5 major OEMs in South Korea increase 21.4% in February
Five Korean automakers announced domestic new vehicle sales in February. New vehicle sales in South Korea increased by 21.4% compared to the same month in the previous year to 125,151 units. To stimulate sluggish consumer sentiment, companies are ramping up promotions with low interest rates and discounts. In addition, electric vehicle subsidies were revised, and EV sales increased.
By company, Hyundai Motor was the leader with sales of 65,015 units (51.9% market share), an increase of 22.6% year-over-year (y/y), followed by Kia Motors with a 26.9% increase to 50,016 units (40.0% share). Ssangyong Motor came in third place with a 49.4% increase to 6,785 units (5.4% share). Renault Korea Motors sales decreased by 40.3% to 2,218 units (1.8% share), and fifth GM Korea experienced a decrease in sales of 54.3% to 1,117 units (0.9% share).
Overseas sales, including exports, increased 4.1% at Hyundai, 12.0% at Kia, 22.9% at GM Korea and 43.4% at Ssangyong. Renault Korea’s sales fell 36.7%.
Global sales for the five automakers in February were mixed as well, with Hyundai's global sales up 7.3% y/y to 327,718 units, Kia's sales increased 14.6% to 253,724 units, GM Korea’s sales increased by 14.6% to 26,191 units and Ssangyong’s jumped 47.3% to 10,431 units. Renault Korea’s sales decreased 37.9% to 7,150 units. The overall global sales total of the five companies were 625,214 units, an increase of 10.1%.
For the period January through February 2022, Hyundai global sales volume increased by 8.5% y/y to 637,841 units, Kia increased by 12.5% 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.

South Korea - Sales of domestic make (Feb. 2023)

Make	Domestic Sales					Overseas Sales			Global Sales Total
	2023		2022		Y-o-Y	Feb. 2023	Feb. 2022	Y-o-Y	Feb. 2023	Feb. 2022	Y-o-Y
	Feb.	Share *1	Feb.	Share *1
Hyundai	65,015	51.9%	53,010	51.4%	22.6%	262,703	252,321	4.1%	327,718	305,331	7.3%
Kia	50,016	40.0%	39,413	38.2%	26.9%	203,708	181,910	12.0%	253,724	221,323	14.6%
Ssangyong	6,785	5.4%	4,540	4.4%	49.4%	3,646	2,542	43.4%	10,431	7,082	47.3%
Renault Korea *3	2,218	1.8%	3,718	3.6%	-40.3%	4,932	7,795	-36.7%	7,150	11,513	-37.9%
GM Korea *2	1,117	0.9%	2,446	2.4%	-54.3%	25,074	20,405	22.9%	26,191	22,851	14.6%
Total	125,151	100.0%	103,127	100.0%	21.4%	500,063	464,973	7.5%	625,214	568,100	10.1%

Source: Releases by each companies
*1: Share is based on MarkLines' own calculation. (calculated from total sales of five Korean makers)
*2: Exclude sales volume of Cadillac
*3: Includes Nissan Rogue

Registrations of new imported passenger cars

Maker/Brand	2023		2022		Y-o-Y
	Feb.	Share	Feb.	Share
BMW	6,381	29.5%	5,656	29.1%	12.8%
Mercedes-Benz	5,519	25.5%	5,970	30.7%	-7.6%
Audi	2,200	10.2%	1,227	6.3%	79.3%
Lexus	1,344	6.2%	474	2.4%	183.5%
Porsche	1,123	5.2%	777	4.0%	44.5%
Volvo	827	3.8%	1,047	5.4%	-21.0%
Toyota	695	3.2%	279	1.4%	149.1%
Chrysler/Jeep	599	2.8%	441	2.3%	35.8%
MINI	587	2.7%	732	3.8%	-19.8%
Ford/Lincoln	566	2.6%	400	2.1%	41.5%
Volkswagen	517	2.4%	1,108	5.7%	-53.3%
Land Rover	504	2.3%	190	1.0%	165.3%
Chevrolet	254	1.2%	535	2.8%	-52.5%
Honda	161	0.7%	256	1.3%	-37.1%
Peugeot	74	0.3%	183	0.9%	-59.6%
Cadillac	65	0.3%	20	0.1%	225.0%
Bentley	61	0.3%	35	0.2%	74.3%
GMC	48	0.2%	-	-%	-%
Polestar	44	0.2%	0	0.0%	-%
Maserati	21	0.1%	52	0.3%	-59.6%
Lamborghini	18	0.1%	17	0.1%	5.9%
Rolls-Royce	12	0.1%	23	0.1%	-47.8%
Jaguar	1	0.0%	17	0.1%	-94.1%
DS	1	0.0%	8	0.0%	-87.5%
Citroen	-	-%	7	0.0%	-%
Total	21,622	100.0%	19,454	100.0%	11.1%

Source: Korea Automobile Importers & Distributors Association (KAIDA)

Flash report, January 2023

Feb 2, 2023

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

New vehicle sales by 5 major OEMs in South Korea increase 7.1% in January
Five Korean automakers announced domestic new vehicle sales in January. New vehicle sales in South Korea increased by 7.1% compared to the same month in the previous year to 100,448 units.
By company, Hyundai Motor was the leader with sales of 51,503 units (51.3% market share), an increase of 11.5% year-over-year (y/y), followed by Kia Motors with a 4.8% increase to 38,678 units (38.5% share). Ssangyong Motor came in third place with a 47.4% increase to 7,130 units (7.1% share). Renault Korea Motors sales decreased by 52.7% to 2,116 units (2.1% share), and fifth GM Korea experienced a decrease in sales of 24.0% to 1,021 units (1.0% share).
Overseas sales, including exports, increased 7.8% at Hyundai, 9.9% at Kia, 31.7% at GM Korea and 40.1% at Ssangyong. Renault Korea decreased 10.3%.
Global sales for the five automakers in January were mixed as well, with Hyundai's sales up 8.4% y/y to 306,296 units, Kia's sales increased 9.0% to 232,134 units, GM Korea’s sales 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 truck Porter was third in sales with 6,591 units.

South Korea - Sales of domestic make (Jan. 2023)

Make	Domestic Sales					Overseas Sales			Global Sales Total
	2023		2022		Y-o-Y	Jan. 2023	Jan. 2022	Y-o-Y	Jan. 2023	Jan. 2022	Y-o-Y
	Jan.	Share *1	Jan.	Share *1
Hyundai	51,503	51.3%	46,205	49.3%	11.5%	254,793	236,451	7.8%	306,296	282,656	8.4%
Kia	38,678	38.5%	36,915	39.4%	4.8%	193,456	176,105	9.9%	232,134	213,020	9.0%
Ssangyong	7,130	7.1%	4,836	5.2%	47.4%	3,873	2,764	40.1%	11,003	7,600	44.8%
Renault Korea *3	2,116	2.1%	4,477	4.8%	-52.7%	7,929	8,837	-10.3%	10,045	13,314	-24.6%
GM Korea *2	1,021	1.0%	1,344	1.4%	-24.0%	15,230	11,567	31.7%	16,251	12,911	25.9%
Total	100,448	100.0%	93,777	100.0%	7.1%	475,281	435,724	9.1%	575,729	529,501	8.7%

Source: Releases by each companies
*1: Share is based on MarkLines' own calculation. (calculated from total sales of five Korean makers)
*2: Exclude sales volume of Cadillac
*3: Includes Nissan Rogue

Registrations of new imported passenger cars

Maker/Brand	2023		2022		Y-o-Y
	Jan.	Share	Jan.	Share
BMW	6,089	37.5%	5,550	32.0%	9.7%
Mercedes-Benz	2,900	17.9%	3,405	19.6%	-14.8%
Audi	2,454	15.1%	1,269	7.3%	93.4%
Volvo	1,007	6.2%	1,004	5.8%	0.3%
Porsche	726	4.5%	677	3.9%	7.2%
Lexus	576	3.6%	513	3.0%	12.3%
Land Rover	475	2.9%	276	1.6%	72.1%
Chevrolet	360	2.2%	455	2.6%	-20.9%
Ford/Lincoln	305	1.9%	761	4.4%	-59.9%
MINI	279	1.7%	819	4.7%	-65.9%
Toyota	265	1.6%	304	1.8%	-12.8%
Chrysler/Jeep	244	1.5%	498	2.9%	-51.0%
Volkswagen	196	1.2%	1,213	7.0%	-83.8%
Cadillac	75	0.5%	37	0.2%	102.7%
Bentley	72	0.4%	35	0.2%	105.7%
Honda	69	0.4%	295	1.7%	-76.6%
Peugeot	66	0.4%	110	0.6%	-40.0%
Lamborghini	28	0.2%	16	0.1%	75.0%
Rolls-Royce	19	0.1%	23	0.1%	-17.4%
Maserati	13	0.1%	40	0.2%	-67.5%
Jaguar	2	0.0%	15	0.1%	-86.7%
DS	2	0.0%	7	0.0%	-71.4%
Polestar	-	-%	20	0.1%	-%
Citroen	-	-%	19	0.1%	-%
Total	16,222	100.0%	17,361	100.0%	-6.6%

Source: Korea Automobile Importers & Distributors Association (KAIDA)