Though sales dipped towards the end of the year, in line with most markets, South Korea’s auto industry nonetheless posted a modest increase for the full year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The country’s five domestic automakers led by Hyundai Motor sold a combined 5.35m units in 2008, up 2.4% year on year.
Domestic sales fell 5.1% to 1.15m units while exports rose 4.7% to 4.21m units.
Hyundai Motor sales rose 6.9% to 2.78m, short of the initially targeted 3.11m.
Hyundai’s home market sales fell 8.7% to 570,962 units, but exports rose 11.8% to 2.21m.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
