Japanese car sales increase for first time since boycott began

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(Yonhap)

Japanese car sales in South Korea rose for the first time since a nationwide boycott of Japanese products began last year, data showed Thursday.

According to the Korea Association of Automobile Importers and Distributors, the number of newly registered Japanese automobiles in August was 1,413, up 1.1% from the same period last year, when it was amounted to 1,398.

This increase comes 13 months after the outbreak of a trade conflict between the two countries in July 2019 and the start of the boycott.

According to the association, cumulative sales of Japanese cars have totaled 13,070 vehicles so far this year, half of last year’s figure.

Lexus Korea sold 703 cars in August, an increase of 16.6% year-on-year, while Honda Korea sales jumped 74.6% year-on-year to 241 vehicles in the same month.

For Toyota, which sold 433 vehicles, year-over-year sales fell 20.1%, but the rate of decline slowed.

In August, the number of newly registered imported cars was 21,894, an increase of 20.8% from the same period last year, according to KAIDA.

BMW Korea tops the sales performance list, selling 7,252 vehicles in the month, up 69%. This is the first time that the automaker has occupied the No. 1 position since December 2017.

Mercedes-Benz was next, but sales fell 10.5% to 6,030 vehicles during the month.

Audi Korea saw sales jump nine times in August to 2,022 vehicles, ranking third on the list.

By Jo He-rim ([email protected])


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