SOUTH KOREA: Incentive-fuelled domestic demand takes car sales to new record - report
South Korean manufacturers sold a record number of cars in 2002, the Korea Automobile Manufacturers Association said on Friday, according to Reuters, which added that analysts said the outlook this year was dimmer. The Reuters report, citing KAMA figures, said domestic sales and exports rose 6.1% to 3.13 million vehicles last year while local car sales rose 11.8 percent from a year earlier to 1.62 million vehicles, as government tax breaks on cars purchases lured more customers into showrooms.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable