South Korea Vehicles Market 2016 hasn’t beaten the all time record of the previous year just for 12.200 units, not fueled by weakening fundamentals and the political fallout.
Market Outlook
Korea’s bleak outlook, fueled both by weakening fundamentals and the country’s political fallout, also hit operating conditions and economic sentiment in November, as reflected in the PMI, which remained firmly entrenched below the 50-point threshold, and in consumer confidence, which plunged to a seven-year low.
As regard the domestic vehicles sales in 2016, the market recorded for the 2nd consecutive year over 1.8 million units, although the registrations declined sharply throughout the second semester.
Indeed, according to data released by KAMA and KAIDA, the two South Korean Associations of Automotive Manufacturers, in December the vehicles passengers had been 184.968, down 7.6%.
In the full year the vehicles passengers had been 1.812.079 (-0.7%), not beating the previous all time record established in 2015 for only 12.200 units.
Competitive Arena
In the 2016 Hyundai was on top posting over 654.000 units (-8.3%), while among the highest growths of the year had been scored by Honda, Land Rover, Renault Samsung, Lexus, Ford and Mercedes. The best performances were reported by Citroen (+162.9%).
Volkswagen hit the sharpest slowdown, losing 63.2%, followed by other lost at lower level for Audi, Peugeot, Lincoln, and Porsche.
At model wise, the Hyundai Porter was the leader with 96.950 sales (-2.8%) followed by the Hyundai Avante with 93.804 units (-6.6%) and the Hyundai Sonata with 82.203 (-24.2%).
The Kia K7 and Chevrolet Malibu shined improving respectively 169.5% at 56.060 units and 123.8% at 36.658 sales.
The detailed report on the best-selling cars, with top 100 models score see the report dedicated.
Research, Consulting, Data & Forecast Store
F2M covers intensively this market with several products developed to help any investigation required.
Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2022.
Auto Data in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end.
All these and more within our South Korea Corner Store.
Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.
| Rank Dec | Rank 2016 | BRAND | Sales December | Sales 2016 FY | Variation December | Variation 2016 FY | Share December | Share 2016 |
|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Hyundai | 71.109 | 654.738 | -13,3% | -8,3% | 38,4% | 35,7% |
| 2 | 2 | Kia | 49.600 | 535.001 | -7,0% | 1,4% | 26,8% | 29,2% |
| 3 | 3 | Chevrolet | 18.313 | 182.075 | 0,1% | 14,9% | 9,9% | 9,9% |
| 4 | 4 | Renault Samsung | 14.078 | 111.101 | 37,5% | 38,8% | 7,6% | 6,1% |
| 5 | 5 | SsangYong | 10.700 | 103.554 | -5,7% | 3,9% | 5,8% | 5,6% |
| 7 | 6 | Mercedes | 5.625 | 56.343 | 13,6% | 19,9% | 3,0% | 3,1% |
| 6 | 7 | BMW | 5.834 | 48.459 | 11,7% | 1,2% | 3,2% | 2,6% |
| 9 | 8 | Genesis | 1.052 | 23.328 | 0,6% | 1,3% | ||
| 19 | 9 | Audi | 236 | 16.718 | -91,8% | -48,7% | 0,1% | 0,9% |
| 10 | Volkswagen | 13.178 | -100,0% | -63,2% | 0,0% | 0,7% | ||
| 11 | 11 | Land Rover | 962 | 10.601 | -27,0% | 45,9% | 0,5% | 0,6% |
| 8 | 12 | Lexus | 1.424 | 10.594 | 23,1% | 33,2% | 0,8% | 0,6% |
| 12 | 13 | Ford | 909 | 9.593 | 36,7% | 27,8% | 0,5% | 0,5% |
| 10 | 14 | Toyota | 971 | 9.265 | 7,3% | 18,4% | 0,5% | 0,5% |
| 13 | 15 | Mini | 604 | 8.632 | -20,9% | 15,2% | 0,3% | 0,5% |
| 17 | 16 | Honda | 482 | 6.636 | 63,4% | 47,1% | 0,3% | 0,4% |
| 14 | 17 | Nissan | 527 | 5.733 | -15,0% | -0,1% | 0,3% | 0,3% |
| 18 | 18 | Volvo | 466 | 5.206 | 28,4% | 22,8% | 0,3% | 0,3% |
| 16 | 19 | Jeep | 500 | 5.092 | -11,3% | 4,1% | 0,3% | 0,3% |
| 15 | 20 | Jaguar | 506 | 3.798 | 52,4% | 35,0% | 0,3% | 0,2% |
| 20 | 21 | Peugeot | 214 | 3.622 | -33,5% | -48,3% | 0,1% | 0,2% |
| 23 | 22 | Infiniti | 158 | 3.201 | -64,7% | 7,7% | 0,1% | 0,2% |
| 25 | 23 | Porsche | 101 | 3.187 | -45,7% | -17,4% | 0,1% | 0,2% |
| 24 | Lincoln | 1.627 | -100,0% | -42,7% | 0,1% | |||
| 22 | 25 | Citroen | 171 | 876 | 307,1% | 162,9% | 0,1% | |
| 21 | 26 | Chrysler | 213 | 867 | -68,9% | -55,1% | 0,1% | |
| 24 | 27 | Cadillac | 131 | 794 | 4,0% | -10,4% | 0,1% | |
| 26 | 28 | Fiat | 70 | 658 | -2,8% | 7,0% | ||
| 29 | 29 | Bentley | 1 | 170 | -96,0% | -55,8% | ||
| 30 | DS | 64 | -100,0% | -71,6% | ||||
| 28 | 31 | Rolls-Royce | 5 | 53 | -44,4% | -15,9% | ||
| 27 | 32 | Lamborghini | 7 | 20 |
| Rank Dec | Rank 2016 | GROUP | Sales December | Sales 2016 FY | Variation December | Variation 2016 FY | Share December | Share 2016 FY |
|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Hyundai-Kia | 121.761 | 1.213.067 | -10,1% | -2,3% | 65,8% | 66,1% |
| 2 | 2 | General Motors | 18.444 | 182.869 | 0,2% | 14,8% | 10,0% | 10,0% |
| 3 | 3 | Renault-Nissan | 14.763 | 120.035 | 30,6% | 35,3% | 8,0% | 6,5% |
| 4 | 4 | Mahindra Group | 10.700 | 103.554 | -5,7% | 3,9% | 5,8% | 5,6% |
| 5 | 5 | BMW | 6.443 | 57.144 | 7,4% | 3,1% | 3,5% | 3,1% |
| 6 | 6 | Mercedes Daimler | 5.625 | 56.343 | 13,6% | 19,9% | 3,0% | 3,1% |
| 14 | 7 | Volkswagen | 345 | 33.273 | -94,0% | -54,2% | 0,2% | 1,8% |
| 7 | 8 | Toyota | 2.395 | 19.859 | 16,1% | 25,8% | 1,3% | 1,1% |
| 8 | 9 | Tata | 1.468 | 14.399 | -11,0% | 42,8% | 0,8% | 0,8% |
| 9 | 10 | Ford | 909 | 11.220 | -10,3% | 8,4% | 0,5% | 0,6% |
| Rank Dec | Rank 2016 | Model | Sales December | Sales 2016 | Variation December | Variation 2016 |
|---|---|---|---|---|---|---|
| 1 | 1 | HYUNDAI AVANTE | 13.454 | 99.459 | 0,0% | -1,0% |
| 2 | 3 | Hyundai Sonata | 12.678 | 87.624 | 0,0% | -19,2% |
| 3 | 4 | Hyundai Santa fe | 12.189 | 80.588 | 0,0% | -13,3% |
| 4 | 9 | Hyundai Grandeur | 11.200 | 62.686 | 0,0% | -28,1% |
| 5 | 7 | Kia Morning | 10.057 | 77.009 | 0,0% | -12,9% |
| 6 | 12 | Kia Sportage | 9.541 | 55.614 | 0,0% | 5,5% |
| 7 | 2 | Hyundai Porter | 8.416 | 95.393 | 0,0% | -4,4% |
| 8 | 16 | Kia K5 | 8.079 | 49.324 | 0,0% | -15,9% |
| 9 | 6 | Chevrolet Spark | 6.879 | 77.835 | 0,0% | 32,0% |
| 10 | 5 | Kia Sorento | 6.201 | 79.624 | 0,0% | 2,4% |
| 11 | 18 | Hyundai Genesis | 5.972 | 44.679 | 0,0% | 14,8% |
| 12 | 13 | Hyundai Tucson | 5.736 | 52.526 | 0,0% | -8,5% |
| 13 | 10 | Ssangyong Tivoli | 5.212 | 56.534 | 0,0% | 25,6% |
| 14 | 8 | Kia Carnival | 4.825 | 64.971 | 0,0% | -3,8% |
| 15 | 11 | Kia Bongo | 4.191 | 55.899 | 0,0% | -9,6% |
| 16 | 17 | Hyundai Grand Starex | 3.816 | 45.610 | 0,0% | -5,7% |
| 17 | 19 | Kia K3 | 3.611 | 36.926 | 0,0% | -13,9% |
| 18 | 26 | Samsung QM3 | 3.018 | 16.302 | 0,0% | -33,6% |
| 19 | 29 | Chevrolet Impala | 2.699 | 13.533 | 0,0% | 95,8% |
| 20 | 27 | Hyundai Accent | 2.657 | 14.760 | 0,0% | -19,3% |
| 21 | 24 | Mercedes E Class | 2.643 | 18.588 | 0,0% | -5,4% |
| 22 | 23 | Kia Ray | 2.599 | 20.958 | 0,0% | -19,3% |
| 23 | 21 | SsangYong Korando Sports | 2.578 | 26.010 | 0,0% | 0,4% |
| 24 | 43 | Samsung SM5 | 2.553 | 8.484 | 0,0% | -64,5% |
| 25 | 32 | Kia Pride | 2.402 | 12.995 | 0,0% | -34,0% |
