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High-Pause Vehicle Imports Growth Despite Lockdown

Extra than 40,000 excessive-raze imported autos priced at more than W100 million had been supplied here closing year (US$1=W1,123). The resolve provides a stark illustration of how the coronavirus lockdown has elevated the wealth gap in Korea.

In response to the Korea Vehicle Importers and Distributors Affiliation on Sunday, 43,158 imported autos priced at more than W100 million had been supplied closing year, up a whopping 48 p.c on-year and a file excessive.

Overall, gross sales of imported autos elevated wonderful 12 p.c to 274,859.

The market fragment of luxury autos also hit an all-time excessive at 15.7 p.c. Mercedes-Benz led the market with 17,021 autos, followed by and BMW’s 12,924, Porsche’s 5,533 and Audi’s 2,459.

Although they invent up a exiguous arena of interest, gigantic-luxury items costing over W200 million flew out of the showrooms, with Bentley selling 296 and Lamborghini 303, up a staggering 130 p.c and 75 p.c on-year.

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