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2015.03.28 15:56
Despite a severe downturn in demand entering this year, imported car sales peaked up 30% continuing its uninterrupted growth.Especially the big ticket imported cars with a retail price over 100 million won registered a monthly sales of 2,000 units, enlarging the luxury import car market.Based on KAI
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2015.02.09 14:59
Market forecasters predict that the U.S. and China will lead the global car market growth this year.However, the emerging or sluggish markets are also important for retaining global market share.Last year the global car demand was led by China with 1.913 million units, followed by the U.S. 1.65 mill
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2015.02.08 23:38
Volkswagen Korea is being lashed out due to a new Touareg model because its powertrain is based on EURO 5 standard. The EURO 5 was introduced in 2009 and already ceased in Europe. Current standard there is EURO 6. Korea will also implement EURO 6 in September 2015 for all new models.Apparently VW Ko
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2015.02.08 07:50
Italian super cars, priced at several hundred million won, have been kept in curiosity on their sales in Korea, but their sharp increases last year were confirmed recently. As the sales account for just several tens a year, the importers have been kept the buyers’ information confidential, but the n
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2015.02.08 07:49
2015 Seoul Motor Show slated to open in early April will draw public attention as a lot of auto makers will take part in the show, including super cars, Chinese electric cars and buses not seen before in the arena.According to the Organizing Committee of Seoul Motor Show, the 2015 Seoul Motor Show t
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2015.01.25 20:47
Imported car market in Korea is growing rapidly, and so some foreign brands who paid attention on China or Japan so far are now turning their eyes to Korea.Recently high ranking executives of importers’ head offices are taking care of Korean market by themselves. German Porsche AG who set up Porsche
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2015.01.25 15:45
Renault Samsung registered the highest growth rate last year, revitalizing its moribund mother company Renault.According to the global new car sales results in 2014 released by Renault Group last 19th, the Group’s total sales registered 2,712,432 units, up 3.2% over 2013, achieving two consecutive g
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2015.01.11 17:25
The U.S. Ford Motor is ambitious of selling 10,000 units this year for the first time in Korea, for which they are bolstering up diesel car line-up.Ford Sales Service Korea (CEO Jae-Hee Chung) has recently announced that six new models including three diesels like New Mondeo, New Kuga, and New Focus
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2015.01.10 17:25
Last year Ministry of Land, Infrastructure and Transport (MLIT) reinforced the conformity test for fuel efficiency of cars, and accordingly some imported cars put some new models into the Korean market with lower fuel economy. Importers perked up their efforts by changing engines and even certificat
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2014.12.21 21:29
Toyota, Nissan, and Honda, the big three Japanese car makers have enjoyed the most favorable business environment in recent years in Korea basically thanks to the low yen, helped by the Abenomics.Lexus, Infiniti, and other major models imported from Japan regained price competitiveness and got the e
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2014.12.13 23:06
Audi Volkswagen Korea has been pulling up the new calendar year prices for three consecutive years, and for the year of 2014 they apparently have raised prices by the way of changing model names, or stealthily inflated them in advance of pulling down later in a few months. Their rationale is apparen
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2014.12.13 23:05
Nissan Korea launched last month a new SUV model Qashqai, but is confronted with dealers’ backlash on the curtailment of dealer margin. A person in charge argues that Nissan Korea is expecting a surplus of 30 billion won this year thanks to the depreciation of yen, but in order to strike off the acc
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2014.11.29 22:55
Ministry of Land, Infrastructure and Transport (MOLIT) is on investigation after they found exaggerated fuel economy of Audi A6.An officer at the MOLIT said that Audi A6 3.0 TDI turned out to be exceeding the permitted tolerance of fuel economy on the conformity test.The MOLIT has been doing conform
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2014.11.29 10:23
From next year on, Korea will rise to be a competition place for local and imported EVs, PHEVs, and other eco-cars.As local governments and organizations are expanding their incentives and subsidies for eco-cars, importers are preparing to release several EVs and PHEVs, and so will compete fiercely
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2014.10.11 06:08
The German luxury brands Mercedes Benz and BMW are having a bout in the Korean market.Entering this year, Mercedes Benz have been pressing the top import brand BMW in sales with introduction of new S class models, and both brands are on a close match in Korea. More recently they are competing in inv
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2014.10.11 06:07
President of BMW Korea, Hyo-Jun Kim, and President of Benz Korea, Britta Seeger will attend the national audit as witnesses for two consecutive years since last year.President of Audi Korea, Johannes Thammer will for the first time stand at the national audit.A member of the Land Infrastructure and
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2014.10.05 06:32
Mercedes-Benz’s new E-class is overwhelming its rivalry BMW 5 series, taking over the best seller of imported cars in Korea.Mercedes-Benz’s new E-class registered 12,228 units, up 45.2% over the same period of last year, running the first in sales of imported cars until August this year.The so-calle
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2014.10.05 06:31
Renault-Samsung is producing Nissan’s new Rogue model at its Busan plant, and will put in the Korean market since 2016.“600 units per month and 7,000 units per year will be manufactured for local sales in the Korean market since 2016,” said a person at the Busan plant.He added that “The Rogue for th
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2014.09.29 08:04
일본 토요타자동차가 내년 말 풀체인지 될 3세대 프리우스에 차량끼리의 통신이 가능한 차세대 첨단 안전시스템을 탑재한다.토요타자동차는 지난 26일, 자동차끼리의 직접 통신을 통해 시야가 좋지 않은 교차로 등에서 다른 차량의 접근을 알려주는 차세대 안전시스템을 내년 11월 출시될 예정인 3세대 프리우스에 탑재할 계획이라고 밝혔다.이 시스템은 차량과 차량이 상호간 통신을 통해 충돌을 회피하는 시스템으로, 토요타는 우선 본사가 있는 아이치현이나 도쿄 등 일부지역에서 판매되는 프리우스에 기본으로 장착하는 방안을 검토하고 있다.일본은 이 시스
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2014.09.13 16:39
Salespersons of GM Korea’s Chevrolet brands organized a labor union. It is the first time that the contracted salesmen, not salaried employee, unionized in Korea.According to GM Korea and the General Temporary Workers Union (GTWU) under the Federation of Korean Trade Unions, Chevrolet Sales Union wa
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2014.09.13 16:39
American import brands, Cadillac, and Chrysler, are offering an extraordinary discount of retail price, amounting to 10 million won. Thanks to that, their objectives of slimming down inventories may have been achieved, but the brand credibility must have been damaged a great deal due to such abnorma