The domestic automobile industry achieved a double-digit increase in production, domestic and export sectors in five months.
According to the’Monthly Trends of the Automobile Industry in January’ released by the Ministry of Trade, Industry and Energy on the 5th, automobile production increased 24.9%, domestic demand 18.4%, and exports 29.5% respectively compared to the same period last year.
Production, domestic demand, and exports all grew in five months since last September.
Automobile exports recorded a total of 192,322 units thanks to the gradual recovery of global automobile demand following the resumption of economic activity in major markets such as the US and Europe.
By region, most markets except the Middle East (-24.9%) such as North America (40.2%), European Union (EU 71.7%), Eastern Europe (54.9%), Oceania (64.8%) and Asia (42.0%) showed growth. .
By car type, exports increased from all car types except light cars. In particular, the number of sports utility vehicles (SUV) exported increased by 37.7%, and the share of total exports increased by 3.7%p to 71.7%.
Domestic sales of automobiles in January were totaled 13,692 units. The effect of new cars such as Granger, Tucson, and Carnival continued, followed by an extension of the individual consumption tax cut by 30% and an increase in the number of business days by 2 days, increasing 18.4% year-on-year.
Domestic cars occupied all of the top 5 most-selling vehicles, starting with Granger.
In the case of eco-friendly cars, domestic sales were 17,992 units, up 126.4% compared to the same period last year, and growth for 12 consecutive months.
Exports reached 32,35 units, 76.5% higher, and exports reached a record high of $900 million.
Reporter Kwak Dong-hoon [email protected]
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