S. Korea's imported car sales jump 23.2 pct in H1

15:41, July 05, 2011      

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Imported car sales in South Korea jumped 23.2 percent in the first half of 2011 from a year earlier due to strong demand for German brands, a trade association said Tuesday.

Registration of imported vehicles reached 51,664 units for the first six months of this year, up 23.2 percent from the same period of last year, according to the Korea Automobile Importers and Distributors Association (KAIDA).

The increase was mainly attributable to brisk sales in German models. German automaker BMW sold 12,136 units during the January- June period, maintaining its best-selling brand status for five straight months in June. This was followed by Mercedes Benz with 9, 222 units, Volkswagen with 6,592 units and Audi with 4,848 units.

In June, a total of 8,964 imported cars were sold in South Korea, up 17.5 percent from a year earlier, according to the KAIDA.

BMW ranked first in terms of best-selling brand by selling 2, 083 units last month, followed by Mercedes Benz with 1,743 units, Volkswagen with 1,244 units and Audi with 864 units.

By region, a total of 6,980 European cars were sold here last month, taking up the market share of 77.8 percent. It was followed by Japan with 14.4 percent share of the market and the U.S. with 7.7 percent.

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