Business · Companies · 2 hrs ago

Tesla leads South Korea’s imported-car market as registrations rise 29.3%

Tesla leads South Korea’s imported-car market as registrations rise 29.3%

In October, Tesla led South Korea’s imported-car market with 9,165 new registrations.

The country registered 31,117 imported passenger cars that month, up 29.3% from a year earlier.

From January through October, imported-car registrations reached 310,846, an increase of 24.6% from the same period last year.

By comparison, sales by South Korea’s five domestic carmakers fell 7.1% over those ten months.

Electric and hybrid cars together made up 92.2% of imported registrations in October.

The Tesla Model Y Premium was the most registered model, with 5,501 vehicles.

The figures show imported-car registrations growing while domestic sales declined, but no next steps were stated.

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