Apr 20, 2014, 11:06 am (BST)
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S.Korea's imported car sales hit record high in March
SEOUL, April 4 (BSS/Xinhua) -- Imported car sales in South Korea posted the new record monthly high of 10,648 vehicles in March due to brisk sales of new models, a local trade association said today.

Sales of imported cars in March increased 3.5 percent from a year earlier, according to the Korea Automobile Importers and Distributers Association (KAIDA). For the first three months of this year, imported auto sales amounted to 29,285 vehicles, up 13. 9 percent over the same period of last year.

From a month before, imported car sales surged 15.8 percent
due to continued demand for new models manufactured by luxury
foreign automakers.

"The March figure marked the new monthly high due to the
popularity of some new models and the delivery of the standby car
orders," said Yoon Dae-sung, executive director of KAIDA.

German automaker BMW ranked first in terms of best-selling
brand last month with 2,560 vehicles sold here. This was followed
by Mercedes Benz with 1,746 units and Volkswagen with 1,308
units. Audi moved up to the fourth place with 1,246 units, but
Toyota fell to the fifth place with 876 units due to weak sales
of its Camry model.

The most popular model was BMW 520d with 778 units sold last
month to beat E300 made by Mercedes Benz with 482 units sold. It
was followed by BMW 320d with 449 units sold. Toyota's Camry,
which ranked first in February, slid to the fourth place in March
with 449 units sold.

By size, vehicles with an engine capacity of 2-liter or less
were most popular, posting 48.3 percent market share in March.
This was followed by cars with an engine displacement of between
2 and 3 liters that account for 32.3 percent of market share.

By origin, a total of 7,953 European cars were sold here
last month, taking up the market share of 74.6 percent. It was
followed by Japan with 18 percent market share and the United
States with 7. 3 percent.
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