Mercedes-Benz's 2009 sales in South Korea rise 24%

08:31, March 30, 2010      

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Mercedes-Benz saw a 24 percent sales increase in South Korea last year, posting revenues of 675.1 billion won (591.1 million U.S. dollars), up from 543.1 billion won (478.4 million U.S. dollars) in 2008, the company's South Korean unit said in a local regulatory filing Monday.

Mercedes-Benz Korea's net profit and operating profit in 2009 were 20.5 billion won (18.1 million U.S. dollars) and 25.8 billion won (22.7 million U.S. dollars), respectively, both more than tripling from the previous year, the filing added.

South Korea's year-on-year sales of imported cars in 2009 have decreased 1.1 percent, amounting to 60,993 units sold, a report by the Korea Automobile Importers & Distributors Association (KAIDA) said in January, in which Mercedes-Benz came in second selling a total of 8,195 units in the country.

However, the German manufacturer secured the top spot in South Korea's imported car sales in February with 1,377 units sold, the KAIDA said in a report earlier this month.

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