(LEAD) Imported car sales in S. Korea down 12.1 pct on-month in Aug. - GlobalPost
4 (Yonhap) -- Sales of imported cars in South Korea dropped 12. 1 percent on-month in August, affected by such seasonal factors as summer vacation that made potential consumers delay buying new vehicles, industry data showed Friday. According to the data by the Korea Automobile Importers and Distributors Association, 18,200 foreign vehicles were newly registered in the country last month, compared with the previous month's 20,707 units. August marks the second straight month that car imports have dropped on a monthly basis after reaching an all-time monthly high of 24,274 units in June. "The August imported car sales dropped from a month earlier due to some brands failing to secure sufficient inventories and seasonal factors such as summer vacation," the association said. The latest figure raised the cumulative sales of imported cars during the January-August period to 158,739 units, a 23. 2 percent rise from the same period in 2014. European cars continued to dominate the local market, with 84. 5 percent of August... Japanese and American brands followed with 10. 2 percent and 5. 3 percent, respectively. The best-selling model was Volkswagen's Passat 2. 0 TDI, with sales of 854 units, followed by Audi's A6 35 TDI with 795 units, the data showed. Source: www.globalpost.com
