S. Korea's imported car sales up 22.4 percent in November


(MENAFN) Data showed that sales of imported cars in South Korea surged 22.4 percent in November, taking up more than one-tenth of overall auto sales in the country, Yonhap News reported.

The monthly sales figure of imported cars hit 16,959 units last month, up from the 13,853 units sold a year ago, according to the data by the Korea Automobile Importers Distributors Association (KAIDA).

Cumulative sales in the first 11 months of the year stood at 179,239 units, up a solid 24.4 percent from the 144,092 registered in the same period last year, according to the data.

"November sales of imported cars increased on-month thanks to the new models launched by some of the overseas carmakers as well as their moves to reduce inventories," KAIDA's executive manager said.


MENAFN

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