(MENAFN) Industry data showed that sales of imported vehicles in South Korea increased 14.3 percent last month from the year-ago period, driven by strong demand for German cars.
According to the data by the Korea Automobile Importers and Distributors Association, 20,707 foreign vehicles were registered in the country in July, up from previous year's 18,112 units.
However, July's registration figure was down 14.7 percent from June. The latest figure raised the cumulative sales of imported cars during the January-July period to 140,539 units, a 25.1 percent rise.
Over 80 percent of foreign cars sold last month in South Korea were European brands, with Japanese and American brands taking up 12.2 percent and 7.4 percent, respectively.
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