South Korea (2024)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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