While domestic carmakers saw a 24.8 percent drop in sales in August compared to the same month last year, sales of imported cars rose 16 percent. The Korea Automobile Importers and Distributors Association (KAIDA) said on Wednesday that 10,576 imported cars were sold last month.
By brand, BMW maintained the top spot with 2,334 cars sold. Volkswagen leapfrogged Mercedes-Benz to rank second by selling 1,829 vehicles, up a whopping 123.9 percent on-year. Mercedes-Benz dropped to third place with 1,645 vehicles sold, down 8.7 percent from last year. Audi ranked fourth with sales of 1,272 cars, followed by Toyota (821 cars sold), Mini (390), Ford (387), Chrysler (333), Honda (282) and Lexus (190).
The bestselling model in August was the BMW 320d, with 586 cars sold, followed by the Mercedes E300, which posted sales of 526 units.
Next came BMW's 520d, with sales of 502 vehicles, Volkswagen’s Tiguan 2.0 TDi BlueMotion (483) and Toyota Camry (409). BMW and Volkswagen each had three models within the top 10.
"Sales dropped slightly in August from July amid the holiday season, but they have continued their upward trend in annualized terms," said Yoon Dae-sung at the KAIDA.