Buyers of import brand cars in Korea are not excessively targeted by tax authorities, as a group of US lawyers has claimed, the Korea Times retorted.
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It has long been claimed that buyers of luxury import cars are targeted for tax audits, which would discourage buyers. But this does not reflect reality, according to representatives of un-named Swedish and German brands. They suggested the US group is bitter that US brands have not managed to win market share.
US brands had a 12% share of the Korean market in 2005, but sales are capped because they do not offer diesel cars, and they focus on price reductions rather than conducting market research and offering buyers the cars that they want.
