S. Korea's imported car sale falls in October-Xinhua

S. Korea's imported car sale falls in October

Source: Xinhua| 2024-11-05 12:49:30|Editor: huaxia

SEOUL, Nov. 5 (Xinhua) -- South Korea's imported car sales turned downward last month due to a supply shortage of some models, industry data showed Tuesday.

The number of imported vehicles sold here fell 0.4 percent from a year earlier to 21,249 in October after expanding 10.1 percent in the previous month, according to the Korea Automobile Importers & Distributors Association (KAIDA).

The downturn was attributed to the sale of cars in stock and the supply shortage of some luxury models.

For the first 10 months of this year, imported vehicle sales slipped 1.4 percent to 215,980 units compared to the same period of last year.

German carmaker Mercedes-Benz ranked first in terms of automotive sales here among foreign companies by selling 6,427 units last month.

BMW came next with local sales of 6,113 units, followed by Lexus under Toyota with 1,283 units, Tesla with 1,263 units, Volvo with 1,161 units and Audi with 943 units.

The number of European models sold here came to 17,100 last month, accounting for 80.5 percent of the total.

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