Copyright FOURIN, Inc. 2023
South Korea’s Automobile Sales by Segment in 2022
The South Korean automobile market (total sales volume of KAMA [Korea Automobile Manufacturers Association] and KAIDA [Korea Automobile Importers & Distributors Association] members) decreased 2.2% from the previous year to 1,674,913 units in 2022. Although sales of passenger cars decreased by 9.3% year-on-year, sales of SUVs turned to growth and hit a record high. SUVs surpassed passenger cars in the previous year, and the gap between the two categories further widened in 2022..