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S. Korea's Imported Car Sales Log Double-Digit Growth In March

Published : 03/04/2026 01:58 PM

SEOUL, April 3 (Bernama-Xinhua) -- South Korea's imported car sales logged a double-digit growth last month due to strong demand for electric vehicles and German luxury models, industry data showed on Friday, reported Xinhua.

The number of imported vehicles sold here jumped 34.6 per cent from a year earlier to 33,970 in March, according to the Korea Automobile Importers & Distributors Association.

For the first three months of 2026, 82,120 imported cars were sold, up 35.4 per cent compared with the same period of last year.

United States (US) carmaker Tesla ranked first in terms of automotive sales among foreign companies by selling 11,130 units last month.

German automaker BMW came next with 6,785 units sold, followed by fellow German carmaker Mercedes‑Benz with 5,419 units, Chinese automaker BYD with 1,664 units, Chinese-owned Swedish automaker Volvo with 1,496 units, German automaker Audi with 1,300 units, and Japanese automaker Lexus with 1,178 units.

The number of European models sold here was 18,838 last month, taking up 55.5 per cent of the total.

US, Japanese and Chinese brands recorded market shares of 33.8 per cent, 5.9 per cent and 4.9 per cent each.

-- BERNAMA-XINHUA 

 

 


 


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