The Korea Herald

피터빈트

Imported car sales jump 33% in Feb. despite pandemic

By Yonhap

Published : March 4, 2021 - 14:34

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This file photo taken Oct. 13, 2020, and provided by Mercedes-Benz Korea shows the upgraded E-Class sedan. (Mercedes-Benz Korea) This file photo taken Oct. 13, 2020, and provided by Mercedes-Benz Korea shows the upgraded E-Class sedan. (Mercedes-Benz Korea)
Sales of imported vehicles in South Korea jumped 33 percent in February from a year earlier on robust sales of German cars, an industry association said Thursday.

The number of newly registered foreign vehicles climbed to 22,290 units last month from 16,725 a year ago despite the COVID-19 pandemic, the Korea Automobile Importers & Distributors Association (KAIDA) said in a statement.

The three bestselling models last month were the Mercedes-Benz E 250 sedan, Volkswagen Jetta 1.4 TSI sedan, and Mercedes-Benz GLE 400d 4MATIC Coupe, the statement said.

In February, German brands -- Audi-Volkswagen Korea, BMW Group Korea and Mercedes-Benz Korea -- sold 16,424 units, up 59 percent from 10,320 the previous year, it said. German cars accounted for seven out of 10 imported vehicles sold in Asia's fourth-biggest economy last month.

Japanese carmakers -- Honda Motor Co., Toyota Motor Corp. and its independent brand Lexus -- continued to struggle with weak sales amid trade disputes. Their sales fell 21 percent to 1,311 units last month from 1,651 a year earlier.

Imported brands accounted for 18.65 percent of the Korean passenger vehicle market in January, up from 17.68 percent a year ago. Their market share for February will be available next month, KAIDA said. (Yonhap)