Sales of Japanese Cars Rebound Despite Boycott

  • By Lim Kyeong-eop

    November 06, 2019 13:18

    Sales of imported cars slightly picked up last month after suffering a drop due to weak demand and a boycott of Japanese cars. Combined sales of Japanese cars also rebounded.

    According to the Korea Automobile Importers and Distributors Association on Tuesday, the number of newly registered imported cars stood at 22,101 last month, up 6.2 percent on-year and 9.4 percent on-month.

    "The rise was fueled by the release of new models, various promotions and huge discounts," a KAIDA staffer said.

    Honda, which had been hit hardest by the boycott since July, sold 806 cars, a nearly fivefold increase from just 166 last month. Lexus' sales still fell from 469 to 456 but by a smaller margin of 2.8 percent compared to previous months.

    Total sales of Japanese cars went up to 1,977 from 1,103 last month.

    Mercedes-Benz posted record monthly sales with 8,025 cars, the first time a foreign automaker has sold more than 8,000 cars a month here. BMW sold 4,122, followed by Audi with 2,210 and Jeep with 1,361.

    Jeep, which released a new version of the Grand Cherokee SUV in late September, saw sales double on-year.

    Meanwhile, cumulative sales of imported cars until October this year fell 13.2 percent on-year to 189,149.

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