Auto production in South Korea: no growth since 2010
- The volume of car production in South Korea (PC+LCV) has stagnated since 2010. It even fell in 2016 and 2017, registering a figure close to 4 million units, against 4.5 million in previous years.
- This stagnation followed by a decline is mainly due to the establishment of Hyundai-Kia Group factories on all continents, as the Japanese manufacturers had done in the 1980s. It is also due to the sharp decline in influence of GM Korea (whose production was halved between 2007 and 2017, from 1,000,000 to 500,000 annual units), due to the discontinuation of the Chevrolet brand in the European market, Ukraine and Russia, since almost all Chevrolet sold in these countries came from Korea.
- In 2017, the Hyundai-Kia group still retains its predominance in the Korean market (67.5% of registrations compared to 72.5% in 2007) and in terms of production (78% of Korean production compared to 69% in 2007).
- The decline in sales in the Korean market and the increase in its predominance in terms of production is explained by the strong growth of imports in this market (which has reduced the market share of Hyundai-Kia) and by the reduction of half of GM Korea's production. As for Renault-Nissan (Samsung) and Mahindra (Ssangyong), their low volumes can not threaten the future position of the Hyundai-Kia group.
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