AAA weekly

2022-03-03

South Korea’s Vehicle Sales Decreased 8.4% to Around 1.73 Million Units in 2021

This report includes information on the following topics: Key images:
  • South Korea
  • vehicle sales
  • decrease in sales
  • 2021
  • sales results
  • KAMA
  • KAIDA
  • semiconductor shortage
  • parts shortage
  • delays
  • vehicle delivery
  • reduction of individual consumption tax
  • South Korea sales volume of automobiles by type
  • passenger vehicles
  • commercial vehicles
  • domestic made
  • imported
  • SUV
  • CDV / MPV
  • pickup truck
  • cargo vehicle
  • truck / bus
  • special purpose vehicle
  • light truck
  • medium / heavy truck
  • bus
  • medium / large truck & bus
  • Tesla
  • Hyundai Motor
  • Kia Motors
  • Genesis
  • Mercedes-Benz
  • BMW
  • Renault Samsung
  • SsangYong
  • Mahindra & Mahindra
  • Chevrolet (GM Korea)
  • Audi
  • Volvo
  • VW
  • MINI
  • Jeep
  • Lexus
  • Porsche
  • Tata Daewoo
  • Tata Motors
  • Ford
  • Toyota
  • Honda
  • Share of South Korean brands
  • Share of EU brands
  • Share of US brands
  • Share of Japanese brands
  • South Korea sales volume of electric vehicles by powertrain type and model
Graph: South Korea: Sales Volume of Automobiles (2012-2021) Graph: South Korea: Market Share of Top 7 Automaker Brands (2016-2021)

South Korea’s vehicle sales decreased 8.4% year-on-year to 1,730,688 units in 2021. The figure is based on the combined results of the members of South Korea’s automotive industry association KAMA and imported vehicle association KAIDA as well as Tesla’s results. Starting from March 2021, South Korea’s top 2 automakers Hyundai Motor and Kia Motors faced insufficient semiconductor supply in 2021, resulting in delayed vehicle delivery. Although South Korea extended a temporary 30% cut in individual consumption tax on passenger vehicles for another six months until the end of December, full-year sales fell below the previous year’s level. Passenger vehicle sales declined 9.2% to 1,497,213 units and commercial vehicle sales fell 3.1% to 233,475 units.

Graph: South Korea: Sales Volume of Automobiles (2012-2021)Graph: South Korea: Market Share of Top 7 Automaker Brands (2016-2021)
Please register or subscribe to view this report for free.
If you’re already a subscriber, sign in.
Credit card information is not needed for free trial registration.
You are eligible to view one report for free.
Additional reports require subscription.