The Korean market fell by 2.9% in 2012 compared to 2011
- The Korean market fell by 2.9% in 2012 compared to 2011. This market is far from the level recorded in 2002 (year of the registrations peak), above 1.6 million units.
- The Korean market now seems stuck to a level close to 1.4 million vehicles per year (1,390,000 in 2009, 1,460,000 in 2010, 1,470,000 in 2011, 1,420,000 in 2012).
- As for carmakers, the Hyundai-Kia group dominates the Korean market significantly , with a market share of 71.7% in 2012 (its share is between 68% and 73% depending on the year), with 38.7% for the Hyundai brand and 33% for the Kia brand. GM (Chevrolet ex-Daewoo) and Renault-Samsung are far behind. Imports account for 10% of the Korean market, with a steady rise over the last three years. The top three importers are German Volkswagen, BMW and Daimler (like in Japan).
- Hyundai-Kia sold more than 6 million vehicles outside Korea.
Data source: File #55 - Registrations in the World by makes