Imported vehicle sales jump 29.3% in Oct. on strong EV demand
Sales of imported vehicles in Korea rose a sharp 29.3 percent in October from a year earlier, driven by robust demand for electric vehicles (EVs), industry data showed Wednesday. New registrations increased to 31,117 units last month from 24,064 a year earlier, according to the Korea Automobile Importers & Distributors Association (KAIDA). The three top-selling imported cars were the Tesla Model…
The Korea Times reports a significant 29.3% increase in imported vehicle sales in October, primarily fueled by the surge in demand for electric vehicles (EVs). According to the Korea Automobile Importers & Distributors Association (KAIDA), new registrations reached 31,117 units last month, up from 24,064 in the same period the previous year.
The top-selling imported cars were the Tesla Model Y Premium, Mercedes-Benz E200, and Tesla Model 3, with Tesla's sales more than doubling to 9,165 units from 4,350 a year earlier. However, Tesla's sales declined by 25.9% from the previous month due to supply shortages. The U.S. EV maker continued to dominate the market, becoming the best-selling imported passenger car brand in Korea for the ninth consecutive month since February.
BYD Korea, the local unit of China's BYD, also saw a substantial increase of 93.4% in sales to 1,594 units, marking its first reported sales in January of the previous year.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
