KAIDA REPORTS S. KOREA’S SALES ON IMPORTED VEHICLE TO INCREASE IN MARCH

Highlights –

• KAIDA reports S. Korea’s sales on imported vehicle to increase in March.
• German cars saw the most sales in the country.
• In March the country’s newly registered foreign vehicles climbed to 27,297 units.
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TESLA SOUTH KOREA LAUNCHED SUV MODEL Y ON FRIDAY

Highlights –

• Tesla South Korea launched SUV Model Y on Friday.
• The Model Y will be available in 3 trim levels in the country.
• The S. Korean govt. will give the full amount of subsidies to an electric car priced below 60 million won.

Imported vehicle deals dunk 6.1 pct in 2019 as Japanese brands battle

The quantity of recently enlisted remote vehicles tumbled to 244,780 units a year ago from the earlier year's 260,705, as per the Korea Automobile Importers and Distributors Association (KAIDA). "Nearby battles against Japanese vehicles and different items are as yet in progress, burdeni...

Benz sales increases

Korea has been a prominent name in the auto industry despite its small size and relatively unknown name in the global markets. It is the home o some of the most prestigious carmakers like Hyundai and Kia. The auto sector is quite influential given that it's only a third of the Japanese car in...