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P P r r e e s s s s R R e e l l e e a a s s e e
Ministry of Knowledge Economy
October 12, 2011
MKE Releases Car Sales Figures for September
The Ministry of Knowledge Economy has released its car sales figures for September. Thanks to strong production, domestic sales and exports, the Korean automobile market maintained positive growth.
Consistent growth of domestic sales and solid outbound shipments led to a 10.3 percent year-on-year increase in production to 374,014 vehicles. Sales of imported cars jumped 25.3 percent and domestic car sales climbed 3.8 percent due to growing demand for fuel-efficient models. Despite global uncertainties, outbound shipments posted a 14 percent year-on-year increase to 249,342 vehicles.
September
2011 Month-on-Month Growth
Year-on- Year Growth
First Nine Months No. of vehicles
produced 374,014 16.7 percent 10.3 percent 3,388,833 (9.4%) No. of vehicles
sold in domestic market
135,098 9.3 percent 5.1 percent 1,186,473 (5.1%) Domestic
cars 125,043 9.1 percent 3.8 percent 1,106,779 (4.2%) Imported
Cars 10,055 10.3 percent 25.3 percent 79,694 (20.0%) No. of vehicles
exported 249,342 15.5 percent 14.0 percent 2,272,437 (13.7%) - Year-on-year growth rates shown in parentheses.
- Sources: Korea Automobile Manufacturers Association, Korea Automobile Importers and Distributors Association
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Production of Domestic Vehicles for September
No. of CarsProduced
No. of Cars Produced in Nine Months
Month-on- Month Growth
Year-on-Year Growth Hyundai 151,827 1,349,737
(39.8%) 25.8% 10.5%
Kia 121,848 1,148,379
(33.9%) 11.6% 7.6%
GM Korea 66,102 593,867
(17.5%) 11.6% 10.5%
Renault
Samsung 23,081 200,226
(5.9%) 10.3% 14.5%
Ssangyong 10,082 87,020
(2.6%) 7.9% 44.5%
Total sales 374,014 3,388,833
(100%) 16.7% 10.3%
- Percentage of total production shown in parentheses.
- Source: Korea Automobile Manufacturer Association
Exports of Domestic Vehicles for September
No. of CarsExported
No. of Cars Exported in First Nine
Months
Month-on- Month Growth
Year-on-Year Growth
Hyundai 94,563 839,742
(37.0%) 21.2% 15.2%
Kia 80,585 779,897
(34.3%) 11.9% 7.1%
GM Korea 54,503 486,113
(21.4%) 28.1% 11.6%
Renault
Samsung 12,723 108,396
(4.8%) - 21.7% 60.7%
Ssangyong 6,504 55,335
(2.4%) - 1.6% 46.2%
Total sales 249,342 2,272,437
(100%) 15.5% 14.0%
- Percentage of total production shown in parentheses.
- Source: Korea Automobile Manufacturers Association
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Sales of Domestic and Imported Cars
No. of Cars Sold
Percentage of Total Sales
Month-on- Month Growth
Year-on-Year Growth
Total 135,098 100% 9.3% 5.1%
Domestic
Cars 125,043 92.6% 9.1% 3.8%
Hyundai 56,253 41.6% 9.6% - 1.1%
Kia 41,952 31.1% 14.6% 4.4%
GM Korea 11,754 8.7% 3.0% 17.3%
Renault
Samsung 11,215 8.3% 1.3% 9.4%
Ssangyong 3,000 2.2% - 12.6% 21.7%
Imported
Cars 10,055 7.4% 10.3% 25.3%
BMW 2,151 1.6% - 0.8% 12.6%
Mercedes-
Benz 2,013 1.5% 11.7% 38.6%
Volkswagen 1,383 1.0% 69.3% 40.0%
Audi 1,174 0.9% 35.1% 99.0%
Nissan 604 0.4% 14.4% 161.5%
Toyota 396 0.3% - 21.6% - 22.4%
Ford 343 0.3% 4.6% - 2.3%
Mini 308 0.2% 1.7% 66.5%
Chrysler 304 0.2% 6.3% 20.2%
Lexus 298 0.2% - 4.5% - 7.2%
- Sources: Korea Automobile Manufacturers Association, Korea Automobile Importers and Distributors Association
