The Korean automotive market by segments and by body types
- The Korean passenger car market fell by 9.3% in 2021 compared to 2020. The year 2022 will not bring any improvement as in the first five months, the volume of the passenger car (PC) market is in decline of 11.7% compared to the first five months of 2021.
- By segment, the D-segment remains the main segment of the Korean market, with 46% of registrations in the country, driven by the success of the Hyundai Sonata and its derivatives (including SUVs), as well as its successors. Nearly one in two cars sold in Korea is therefore D-segment.
- The C-segment represents 28% of the Korean market, at a stable level for ten years.
- The E-segment continues to progress and today reaches 17% of sales, showing a certain gentrification of the clientele, in particular those attracted by imported German cars.
- The A-segment is in parallel in free fall, at 7% of the market, its sales having been divided by two years ten years.
- Finally, the B and F segments only 1% each, which demonstrates that B-segment B practically does not exist in Korea.
- By body, SUVs have made a spectacular breakthrough over the past ten years, rising from 20% of the Korean market in 2012 to 47% in 2021, thus supplanting sedans (46%) for the first time. MPVs represent 7% of the market in 2021.
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