Japanese car sales in Korea slump 32% m/m in July amid boycott sparked by Tokyo's trade curbs
- 5 years ago
The ongoing Seoul-Tokyo trade dispute... and resulting boycott... has claimed another victim in South Korea... with sales of Japanese cars crashing in July.
The trade ministry said Thursday that Japanese auto sales in South Korea plunged 32 percent on-month to less than two-thousand-seven-hundred units.
The figure is also down more than 17 percent from the same month last year.
This... as domestic car production reached 360-thousand in July, an on-year increase of 17-point-four percent.
Korean auto exports were estimated at 2-hundred-16-thousand last month, up 11-point-six percent the biggest increase since the turn of the year.
The rise is largely attributed to booming sales of eco-friendly vehicles and SUVs in North America and in the EU.
The trade ministry said Thursday that Japanese auto sales in South Korea plunged 32 percent on-month to less than two-thousand-seven-hundred units.
The figure is also down more than 17 percent from the same month last year.
This... as domestic car production reached 360-thousand in July, an on-year increase of 17-point-four percent.
Korean auto exports were estimated at 2-hundred-16-thousand last month, up 11-point-six percent the biggest increase since the turn of the year.
The rise is largely attributed to booming sales of eco-friendly vehicles and SUVs in North America and in the EU.