In a market where the top two brands, Hyundai and Kia, control together over 70% of the market share and the top 10 best-selling models ranking is almost entirely held by the two Koreans.

Up to October 2023, the new best seller is a sedan, the very popular Hyundai Grandeur, which moves up  3 spots into leadership with 96,672 sales (+77.8%).

In second place previous year’s leader the Hyundai Porter with 82,367 sales (+8.2%) followed by the  Kia Sorento -down 1 spots- with 68,379 sales (+24.7%).

The Kia Carnival rises 2 spots into 4th with 58,695 sales (+32.9%) followed by the Kia Sportage with 58,028 new registrations (+33.6%), the Hyundai Avante with 54,394 units sold (+21.4%) and the Kia Bongo with 53,249 sales (-2.8%).

In 8th ranks the Kia Seltos -up 6 spots- with 42,633 new registrations (+21.3%) ahead of the Kia Ray with 42,089 units sold (+16.4%) and the Genesis G80 closing the top 10 with 38,084 sales (+0.0%).

Tables with sales figures

In the tables below we report sales for Top 50 models.

Danish Auto Sales in October 2023 grow for the 10th month in a row, with new registrations at 13,227 (+21.9%). YTD figures at 137,191 are up 14.4% from the previous year. Tesla becomes the best selling brand (+618.0%).

Market Trend and Outlook

The Danish economy has been on a remarkable growth journey, which has boosted employment to the highest level ever. The current account surplus has thus risen sharply and public finances have been positive for six years running.

However, signs of an impending slowdown are starting to show, not least through the higher interest rates and downturn in key export markets. This is expected to push the Danish economy into a new phase, with lower activity and growing unemployment. However, the dampening will be relatively mild and soon replaced by renewed progress during 2024.

The Danish Auto Market is the perfect example of this growth, with sales in October 2023 growing for the 10th month in a row and reaching 13,227 new sales (+21.9%). YTD figures at 137,191 are up 14.4% from the previous year.

Looking at cumulative data up to October 2023 brand-wise, the leader is still Tesla -up 17 spots- with 15,838 sales (+618.0%), followed by Volkswagen with 13,312 registrations (-0.4%) and Audi -up 6 spots- with 11,333 units sold (+72.9%).

In 4th position ranks Toyota at 9,664 sales (-12.2%) in front of Skoda with 7,698 registrations (+7.3%), Peugeot with 7,674 units sold (+4.5%), Hyundai -down 1 spot- with 6,953 sales (-0.7%) and Mercedes -down 5 spots- in 8th at 6,936 (-25.7%).

Ford maintains 9th position with 6,394 sales (+0.9%) and BMW closes the top 10 with 6,225 new registrations (-3.0%).

Looking at specific models the Tesla Model Y sold the most cars reporting a 711.3% increase from the previous year, followed by the Peugeot 208 which grew 53.4% in yearly volume.

Medium-Term Market Trend

In the past decade the Danish auto market has had 2 main trends. In the first part of the decade the market grew almost doubling in volume, starting in 2010 at 141,505 and reaching an all-time high of 231,551 sales in 2016. The trend inverted in 2017, starting a long downtrend, that would be interrupted briefly in 2019 with a 3.6% growth to 225,219 sales.

In 2020 arrived the pandemic that caused many European markets to collapse, and the Danish one was no exception, falling 12.1% to 198,034 new car sales.

The fall continued through 2021, reporting a 6.4% loss, and 2022, which lost another 20% from the prior year. A combination of factors are behind the current industry struggle: the disruption in the global supply chain caused by a lack of raw materials, in particular for the production of microchips and Governments push towards Evs, an expensive alternative for low income consumers.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group, and Top 10 models.

Market Trend and Outlook

The South Korean Vehicles Market in October 2023 falls for the second month in a row, with new sales at 137,819 (-5.0%). YTD figures at 1.42 million are up 5.0% from the previous year.

Looking at cumulative data up to October 2023 brand-wise, Hyundai maintains 1st with 523,582 sales (+16.5%), followed by Kia in 2nd with 469,781 new registrations (+7.2%), Genesis in 3rd with 104,984 units sold (-3.0%), BMW at 62,514 (-3.1%) and Mercedes in 5th with 60,988 sales (-4.4%).

SsangYong maintains 6th with 54,788 new registrations (-3.4%), in front of GM Korea at 33,525 sales (+0.6%) and Renault Samsung with 18,579 registrations (-57.6%).

Audi maintains 9th spot with 15,258 sales (-10.7%) in front of Volvo closing the Top 10 with 13,770 units sold (+37.7%).

Looking at specific models the Hyundai Grandeur is the best seller, rising 3 spots with an 77.8% increase in year-on-year sales. Previous year’s leader the Hyundai Porter falls into 2nd place despite being up 8.2%.

Medium-Term Market Trend

South Korean automotive industry has been closed to foreign vehicles import until 2012. Then, the entrance of several new competitors fueled the market growth and the domestic sales grew up until the 2015, when the all-time record was established at 1.8 million sales.

Then the market was steady until the 2020, when the strong control over the covid diffusion allowed plus incentives to support the industry, pushed up the market (+5.8%) to hit the new record of 1.87 million. In this data there was a sort of pull-ahead effect, due to the incentives and then market started to moderately decline again.

In 2021 the market lost 8.5% in volume, falling to 1.72 million cumulative sales and in 2022 also lost another 2.5%, dropping to 1.67 million sales.

Perspectives are not positive. The market is fast moving towards electrification, but the high prices offered for EVS is discouraging part of consumers. In addition the industry suffer for the supply chain disruption, for microchips shortage and demand for cars is declining.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.

Excel Dataset

We purchase new vehicles registrations for 159 countries worldwide – included this one – from the local official authorities and receive a monthly file with raw data by country.

You can have access to this service:

• Data by Year/Month/Brand/Model/Segment
• Historical data (from 2010 to last month) and/or to monthly sales update.
• Next Year’s Forecast
• Data is released in excel via mail or cloud.

Last 2 years dataset cost €3.000. 

The service cost is correlated with the data perimeter and you will have a customized quotation just contacting us at info@focus2move.com

Market Report

The report provides a comprehensive and complete overview of the market competitive environment including information on the sales volumes of cars and light commercial vehicles, market size, market share, and industry trends.

Through our comprehensive global sales database and the expertise of seasoned consultants in this field, we can help you gain further insight into the automotive market trends and base your business decisions on actionable data.

Table of contents

• Country Overview
  • Geography
  • History
  • People & Politics
• Economic Outlook
  • Economy
  • Infrastructure
• Market Outlook
  • Market Heritage
  • Car Passenger’s segmentation
  • LCVs segmentation
  • Car Passengers Body Type mix
  • LCVs Body Type mix
  • Premium segment share
  • Chinese OEMs share
• Key Players
  • Top selling Groups 2022
  • Top selling Brands 2022
  • Premium Brands
  • Chinese Brands
• Market Data By Model
  • Top selling Models 2022
  • Top models by segment and body type
• Key Factors for market Evolution
  • Country development
  • Economic Outlook
  • Customer base evolution
  • Low-Carbon Transition Policy
  • Infrastructure & Investments
• 2023-2028 Volume Forecast
  • TIV evolution by segment
  • Cars and LCVs forecast
  • Segments forecast
  • Premium segment share forecast
  • Chinese OEMs share forecast
  • Forecast by Manufacturer

Price for market research: €2,500

Price for market research + Last 2 Years dataset in excel: €4,000

For further inquiries contact us at info@focus2move.com

Syria’s vehicle market in H1 2023 reports 320 sales, growing 21.7% from the previous year. Hyundai collapses 40.7% while maintaining first position.

Market Trend and Outlook

The Syrian vehicle market in H1 2023 reports 320 sales, growing 21.7% following 4 consecutive losing years.

The only brands to be sold in the country at the moment are Hyundai with 48.8% market share despite losing 40.7% in sales from 2021 and Kia with 41.9% market share.

Medium-Term Market Trend

Not long ago Syria was the biggest car market in the Levant region. Only 10 years ago, with a volume of 87,500 annual sales, the Syrian new market represented a relevant reality within the region. Unfortunately, in this decade the country was destroyed by the civil war and terrorism and the entire economic structure collapsed, including the automotive industry.

Between 2010 and 2013 the market has lost more than half its sales a single year, with 2014 volumes at 23,955 units. The fall continued and the negative peak was hit in 2017 when the market lost 90% from 2010 at 7,978 units. In 2018 sales marginally recovered at near 10,000 units, but the data on 2019 was down again. In fact, total sales in 2019 were 8,347, down 15.8%.

Because of the COVID-19 pandemic, social and political instabilities in the country sales significantly decreased in  2020. In fact, sales have been 2,941, reporting a fall of 64.8% compared to 2019.

The downfall continued in 2021 with new light vehicle sales falling another 33.4% to 1,958.

Syria’s vehicle market in 2022 totaled 478 sales, a 75.6% fall from 2021 and the 4th consecutive losing year. November posts the only growth of the yearM, with 100 new light vehicle registrations (+11.1%).

Market Trend and Outlook

The Syrian vehicle market in 2022 totaled 478 sales, a 75.6% fall from 2021 and the 4th consecutive losing year. In fact the only month to report a positive year-on-year variation is November, that grew 11.1% with 100 new light vehicle registrations.

The only brands to be sold in the country at the moment are Hyundai with 96.9% market share despite losing 66.9% in sales from 2021 and Kia down 97.3% with just 3.1% market share.

Medium-Term Market Trend

Not long ago Syria was the biggest car market in the Levant region. Only 10 years ago, with a volume of 87,500 annual sales, the Syrian new market represented a relevant reality within the region. Unfortunately, in this decade the country was destroyed by the civil war and terrorism and the entire economic structure collapsed, including the automotive industry.

Between 2010 and 2013 the market has lost more than half its sales a single year, with 2014 volumes at 23,955 units. The fall continued and the negative peak was hit in 2017 when the market lost 90% from 2010 at 7,978 units. In 2018 sales marginally recovered at near 10,000 units, but the data on 2019 was down again. In fact, total sales in 2019 were 8,347, down 15.8%.

Because of the COVID-19 pandemic, social and political instabilities in the country sales significantly decreased in  2020. In fact, sales have been 2,941, reporting a fall of 64.8% compared to 2019.

The downfall continued in 2021 with new light vehicle sales falling another 33.4% to 1,958.

In a market where the top two brands, Hyundai and Kia, control together over 63% of the market share, the top 10 best-selling models ranking is entirely held by the two Koreans.

In 2022, the best seller is a light vehicle, the very popular Hyundai Porter, which confirms the previous year leadership, with 92,411 sales (+0.2%) and a safe gap over the followers to win the full year race.

In second place the Kia Sorento, up 3 spots, with 68,902 sales (-1.5%) followed by the  Hyundai Grandeur with 67,030 sales (+9.2%), down 1 spot.

In fourth place rises the Kia Bongo, with 64,826 sales (+8.5%) followed by the Kia Carnival with 59,058 (-19.4%), the Hyundai Avante with 58,743 (-17.3%) and the Kia Sportage with 55,394 (+39.3%) which benefited from the last generation success.

In 8th place the Hyundai Palisade with 49,737 (-5.0%) ahead of the Hyundai Sonata with 48,308 sales and the Hyundai Casper, rising 27 spots into 10th with 48,002 sales (+344.2%).

Remarkable the success of other models, like the Kia  EV6 in 26th (+125.5%), the Genesis G90 in 28th  (+356.5%) and the new Ssangyong Torres in 29th.

Tables with sales figures

In the tables below we report sales for Top 50 models.

Market Trend and Outlook

The South Korean vehicles market in 2022 totals 1.67 million sales, a 2.4% decrease in sales compared to the prior year. Despite the overall downtrend, in December sales grew for the 5th month in a row, posting 160,726 new registrations (+5.2%).

Looking at cumulative data from 2022 brand-wise, the Top 5 remain unchanged from the previous year: Hyundai in 1st with 553,839 sales (-6.3%), Kia in 2nd with 541,068 (+1.1%), Genesis in 3rd with 135,045 registrations (-2.7%) followed by Mercedes with 80,976 (+6.3%) and BMW in 5th with 78,545 (+19.6%).

SsangYong ranks in 6th with 68,657 new registrations (+21.8%), in front of Renault Samsung at 52,621 sales (-13.9%) and GM Korea with 37,237 registrations (-31.4%).

Audi remains in 9th with 21,402 sales (-16.4%) in front of Volkswagen closing the Top 10 with 15,791 (+9.9%).

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.

Danish Auto Sales in 2022 close at 148,298 (-20.0%), the lowest since 2010. In December the market fell for the 4th month in a row, reporting 15,219 new registrations (-14.4%).

Market Trend and Outlook

The Danish auto market in 2022 totals 148,298 sales, a 20.0% decrease from the prior year and the lowest level since 2010. In December the market fell for the 4th month in a row, with 15,219 new registrations (-14.4%).

Looking at cumulative data from 2022 brand-wise, all brands in the top 10 present negative year-on-year trends. The leader is still Volkswagen with 17,137 sales (-12.3%), followed by Toyota with 12,832 (-13.7%) and Mercedes with 12,052 new car registrations (-0.9%).

In 4th position ranks Hyundai -up 2 spots- at 8,744 sales (-21.9%) in front of Skoda -up 5 spots- with 8,689 (-13.6%), BMW with 8,444 (-35.6%) and Audi with 8,435 (-20.3%).

Peugeot falls into 8th spot with 8,408 sales (-38.5%), while Kia rises 2 spots into 9th with 7,692 registrations (-13.3%) followed by Ford in 10th with 7,813 sales (-29.5%).

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group, and Top 10 models.

In a market where the top two brands, Hyundai and Kia, control together a dominating percentage of the market share, the top 10 best-selling models ranking is entirely held by the two Koreans except for the Genesis G80.

The best-seller in 2021 is the Hyundai Porter, with 92,218 units sold (5.4% share).

In second place, overtaken by the new leader, the Hyundai Grandeur with 5.2% market share and 89,084 units sold, ahead of the rising Kia Carnival, jumping 5 spots with 73,233 units sold (4.3% share).

In fourth position the Hyundai Avante -down 1 spot- with 71,031 units (4.1% share) followed by the Kia Sorento with 69,934 units (4.1% share) and the Hyundai Sonata with 63,109 units (3.7% share).

In seventh place the Kia Bongo with 59,729 units (3.5% share), ahead of the Kia K5 which ended up in eighth position -down 4 spots-, with 59,499 units (3.5% share).

The Genesis G80 rose 2 positions registering 59,463 units sold (3.5% share), followed by the Hyundai Palisade which fell 3 spots with 52,338 units sold (3.1% share).

Tables with sales figures

In the tables below we report sales for Top 50 models.