Imported car sales fall 2.1 pct in August amid lack of supply

Imported vehicle sales in South Korea fell 2.1 percent last month from a year earlier amid a lack of supplies in some brands, an industry association said Tuesday.

The number of newly registered imported cars came to 23,350 units in August, down from 23,850 units a year ago, the Korea Automobile Importers & Distributors Association (KAIDA) said in a statement.

The three bestselling models last month were BMW's 520 sedan, Mercedes-Benz's E 250 sedan and Mercedes-Benz's GLC 300 4MATIC SUV, the statement said.

In August, three German brands -- Volkswagen Group Korea, BMW Group Korea and Mercedes-Benz Korea -- sold a combined 16,971 units, down 1.7 percent from 17,273 the previous year.

German cars accounted for 73 percent of imported cars sold in Asia's fourth-biggest economy last month, up from the previous year's 71 percent, KAIDA said.

Three Japanese brands -- Honda Motor Co., Toyota Motor Corp. and its independent brand, Lexus -- sold a total of 1,929 units last month, jumping 33 percent from 1,451 a year earlier.

Imported brands accounted for 18.31 percent of the Korean passenger vehicle market in July, down from 21.86 percent a year ago. Their market share for August has yet to be released, KAIDA said.

Source: Yonhap News Agency

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