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*** Full Year 2023 reports *** 83 markets available
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South Korea February 2024: Market down, Kia and Sorento repeat at #1, Genesis GV80 breaks record
The Genesis GV80 ranks 6th overall in February. The South Korean new car market falls an abrupt -21.4% year-on-year in February to 115,508, with local manufacturers down -20.7% to 99,271 and foreigners down -25% to 16,327. The year-to-date volume is down -12.4% to 231,385 including 202,065 domestic brands (-10.8%) and…
- March 13, 2024
- Matt Gasnier
- 2 Comments
South Korea January 2024: Kia Sorento and Hyundai Santa Fe top declining market
The new generation Santa Fe pushes the nameplate up to its highest ranking in 4.5 years. The South Korean new car market edges down -1.3% year-on-year in January to 115,877. This is solely the fault of foreign manufacturers diving -19.4% to 13,083 whereas domestic brands are up 1.6% to 102,794.…
- February 13, 2024
- Matt Gasnier
South Korea Full Year 2023: Hyundai Grandeur reclaims lead
The Hyundai Grandeur is the best-selling vehicle in South Korea for the 5th time. Discover over 30 years of South Korean Historical Data here. The South Korean new car market edges up 4.1% year-on-year in 2023 to 1,739,578 sales. Hyundai (+14.7%) beats its home market to reach 36.5% share vs.…
- January 11, 2024
- Matt Gasnier
South Korea November 2023: Kia Sorento threepeats at #1, Tesla Model Y #1 foreigner
The Kia Sorento is the best-selling vehicle in South Korea for the third month ever. The South Korean new light vehicle market advances 3.4% year-on-year in November to 160,624 units, including 132,231 (+4.1%) for domestic carmakers and 28,303 (+0.3%) for foreigners. The year-to-date volume is up 5.7% to 1,596,840 including…
- December 12, 2023
- Matt Gasnier
South Korea October 2023: Hyundai defies negative market, Kia Sorento #1 again, Hyundai Santa Fe #3
The Hyundai Santa Fe signs its first podium finish in over 3 years. New light vehicle sales in South Korea drop -4.8% year-on-year in October to 138,341 units. This includes 117,012 local manufacturers (-2.5%) and 21,329 foreigners (-15.9%). Year-to-date, the market remains in positive at +5.1% to 1,424,325 including 1,205,239…
- November 10, 2023
- Matt Gasnier
South Korea September 2023: Kia Sorento scores first win, Hyundai Santa Fe up to #5
The Kia Sorento is the best-selling vehicle in South Korea for the first time. The South Korean new light vehicle market dips -6.1% year-on-year in September to 129,243 sales, including 106,678 for domestic manufacturers (-6.1%) and 22,565 for foreigners (-5.7%). The year-to-date tally remains in clear positive at +6.3% to…
- October 12, 2023
- Matt Gasnier
South Korea August 2023: Hyundai and Grandeur back in charge in stable market
The Hyundai Grandeur tightens its grip on the models charts. New light vehicle sales in South Korea are stable in August at +0.7% year-on-year to 129,832. This includes 106,482 sales for local manufacturers (+1.3%) and 23,350 for foreigners (-2.1%). The year-to-date tally is now up 7.9% to 1,156,741 including 981,549…
- September 12, 2023
- Matt Gasnier
South Korea July 2023: Kia overtakes Hyundai, places 6 models in Top 8
Kia Sportage sales double year-on-year in July. South Korean new light vehicle sales disappoint in July with a -5.3% year-on-year drop to 135,956 units. This includes 114,818 sales by local manufacturers (-6%) and 21,138 by foreigners (-1.3%). The reason behind this fall is the end of the individual consumption tax…
- August 10, 2023
- Matt Gasnier
South Korea June 2023: Hyundai Grandeur leads, Kia EV9 lands
The Kia EV9 has landed in the South Korean charts. New light vehicle sales in South Korea advance 11.7% year-on-year in June to 160,695, lifted by foreign manufacturers (+17.9%) as local carmakers are up 10.6%. This month's result was boosted by consumers taking advantage of the last month of tax…
- July 12, 2023
- Matt Gasnier
South Korea May 2023: Hyundai Grandeur (+52.3%), Kia Seltos (+67.4%) impress
The Hyundai Grandeur is the best-selling model at home again. 151,728 new light vehicles hit South Korean roads in May, a 5.9% year-on-year improvement. This includes 130,389 local manufacturers (+8.8%) and 21,339 foreigners (-9.2%). Year-to-date, the market is up 11.3% to 730,258 including 626,310 locals (+14.3%) and 103,948 foreigners (-4%).…
- June 15, 2023
- Matt Gasnier
South Korea April 2023: Hyundai Grandeur and Kona surge up, registrations up 4.8%
The Hyundai Grandeur is the best-selling vehicle in South Korea in April. Sales of new light vehicles in South Korea climb 4.8% year-on-year in April to 149,497 as local manufacturers (+7.5%) fare much better than foreigners (-9.4%). The picture is similar year-to-date with a market up 12.8% to 578,530 including…
- May 15, 2023
- Matt Gasnier
South Korea March 2023: Hyundai Grandeur (+63.8%) returns to #1, sales up 21.1%
The Hyundai Grandeur is the best-selling vehicle in South Korea in March. The South Korean new light vehicle market soars 21.1% year-on-year in March to 164,766 units. This includes 140,926 local manufacturers (+26.8%) and 23,840 foreigners (-4.3%). That's a 85.5% market share for local brands. Keep in mind March 2022was…
- April 12, 2023
- Matt Gasnier
South Korea February 2023: Hyundai Porter and Hyundai Grandeur top market up 19.7%
Hyundai Grandeur sales are up 118.6% thanks to a new generation. New vehicle sales in South Korea increase by a robust 19.7% year-on-year in February to 146,877 units, including 125,240 local models (+21.3%) and 21,637 foreigners (+11.2%). Year-to-date, the market is now up 12.9% to 264,267 sales, that includes 226,408…
- March 10, 2023
- Matt Gasnier
South Korea January 2023: New Hyundai Grandeur tops the charts
The Hyundai Grandeur is #1 at home in January. The South Korean new light vehicle market lodges a 6th consecutive year-on-year gain in January at +5.5% to 117,390 sales. This includes 101,168 local models (+7.7%) and 16,222 foreigners (-6.6%). Hyundai (+23.1%) largely outraces its home market to land a strong…
- February 16, 2023
- Matt Gasnier
South Korea Full Year 2022: Kia threatens Hyundai for #1, Hyundai Porter and Kia Sorento on top
The Kia Sorento is up to #2 at home in 2022. Discover over 30 years of South Korean Historical Data here. 1,671,911 new light vehicles hit South Korean roads in 2022, a -2.4% year-on-year decline. Local manufacturers drop -3.4% to 1,388,476 and 83% share vs. 83.9% a year ago while…
- January 17, 2023
- Matt Gasnier
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