Insight of the Korean PC market over the 11 months 2013
 

South Korea is the fourth largest car market in Asia (behind China, Japan and India) with just under 1.2 million passenger cars sold in the first 11 months of 2013.


In a particularly dynamic continent (thanks to China and the ASEAN countries ) Korean market is almost stable in 2013 compared to 2012 (-0.24%). Foreign carmakers progress versus Korean carmakers (Hyundai-Kia, Renault Samsung, GM Korea and SsangYong Motor) with a growth of nearly 10% and a market share of 12%.


Local carmakers suffer from cumulative effects of the late renewal of Korean carmakers vehicles range and delay in production, a consequence of strikes at Hyundai and Kia.


Nevertheless, the market is still dominated by the Hyundai-Kia Group, which holds nearly 70% market share, followed by Chevrolet (formerly Daewoo, 9.4%), Ssangyong (4.8%) and Renault-Samsung (4.3%)


The analysis by segment  and body type highlights the predominance of D segment (41,7%)  and C segment (28,7%). The market is divided into sedans (66% of body type), followed by SUV (22.8%), what is higher than what we can see in China or in Europe (around 16% for both zones).


By models, the Kia Picanto, city car of the A segment, is the second best-selling vehicle behind the Hyundai Elantra,
a
sedan of the C segment.


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