AAA weekly

2022-03-30

South Korea’s Vehicle Production Dropped 1.3% to 3.46 Million Units in 2021

This report includes information on the following topics: Key images:
  • South Korea
  • vehicle production
  • semiconductor shortage
  • production decline
  • passenger vehicles
  • commercial vehicles
  • CBU exports
  • Hyundai
  • Kia
  • GM Korea
  • Renault Samsung
  • SsangYong
  • Tata Daewoo
  • Daewoo Bus
  • decrease in demand
  • domestic demand
  • overseas demand
  • South Korea's production / sales / export / import volume of automobiles
  • comparison of 2021 South Korean automobile production results against 2019 and 2020
  • KAMA (Korea Automobile Manufacturers Association)
  • KAIDA (Korea Automobile Importers & Distributors Association)
  • total production
  • production volume of South Korean automobiles by type and class (2016-2021)
  • pickup truck
  • passenger car
  • minivan
  • SUV
  • truck
  • bus
  • mini
  • small
  • medium
  • semi-large
  • large
  • maximum payload
  • engine displacement
  • comparison of 2021 production results of the top five South Korean automakers against 2019 and 2020
  • top 20 vehicle models by production volume (2021)
  • Avante
  • Bongo
  • Carnival
  • Grandeur
  • K5
  • Kona
  • Morning
  • Niro
  • Palisade
  • Porter
  • Santa Fe
  • Seltos
  • Sonata
  • Sorento
  • Soul
  • Sportage
  • Stonic
  • Trailblazer
  • Tucson
  • XM3
  • production volume of Korean automobiles by automaker, type and model (2016-2021)
  • Accent
  • Actyon
  • Aslan
  • Aveo/Gentra
  • Bus
  • Capitva/Winstorm
  • Carens
  • Casper
  • Chairman
  • County
  • Cruze/Lacetti (sedan)
  • Damas (incl. van)
  • EV6
  • Genesis
  • Genesis Coupe
  • Genesis EQ900/G90
  • Genesis G70
  • Genesis G80
  • Genesis GV60
  • Genesis GV70
  • Genesis GV80
  • Grand Starex
  • i30
  • i40 (sedan / station wagon)
  • Ioniq
  • Ioniq5
  • K3
  • K7
  • K9
  • Korando C Rexton
  • Korando Sports
  • Korando Turismo
  • Labo
  • Malibu
  • Maxcruz
  • Medium / large buses (BS, FX, etc.)
  • Medium / large trucks (4.5t and above)
  • Medium trucks (3.5t)
  • Mighty
  • Mohave
  • Nexo
  • Nissan Rogue (for export)
  • Orlando
  • Passenger car
  • Pride K8
  • QM5
  • QM6
  • Ray
  • Rexton Sports
  • Silkroad
  • SM3
  • SM5
  • SM6
  • SM7
  • Spark/Matiz (incl. van)
  • SPV
  • Staria
  • Stinger
  • Tivoli
  • Trax
  • Truck
  • Twizy
  • Universe
  • Veloster
  • Venue
Graph: South Korea: Production / Sales / Export / Import Volume of Automobiles (2012-2021) Graph: South Korea: Comparison of 2021 Production Results of Automobiles Against 2019 and 2020

South Korea's vehicle production fell 1.3% year-on-year to 3,462,499 units in 2021, going down for the third consecutive year. Insufficient supply of semiconductors was the primary reason for declining production. South Korea’s passenger vehicle production dropped 1.5% to 3,162,850 units, while commercial vehicle production inched up 1.6% to 299,649 units. Hyundai and Kia increased production thanks to the gradual recovery of CBU exports. In contrast South Korea’s third largest automaker GM Korea dropped 37% due to poor domestic and overseas demand.

Graph: South Korea: Production / Sales / Export / Import Volume of Automobiles (2012-2021)Graph: South Korea: Comparison of 2021 Production Results of Automobiles Against 2019 and 2020
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