Production, domestic demand, and exports all grew in five months since last September.
Automobile exports totaled 19,2322 units thanks to the gradual recovery of global automobile demand following the resumption of economic activities in major markets such as the US and Europe. The increase in the number of business days by 2 days also affected.
By region, most markets except the Middle East (-24.9%) such as North America (40.2%), European Union (EU 71.7%), Eastern Europe (54.9%), Oceania (64.8%) and Asia (42.0%) showed growth. .
By car type, exports increased from all car types except light cars. In particular, the number of sports utility vehicles (SUV) exported increased by 37.7%, and the share of total exports increased by 3.7%p (points) to 71.7%.
As the export unit price rose due to the high added value of export items, the export amount increased (40.2%) more than the number of exports (29.5%), reaching 4 billion dollars. The growth rate of this export amount is the highest since September 2017.
An official from the Ministry of Industry explained, “As exports of Palisade increased by 75.2% and exports of the Santa Fe hybrid and GV80 began in earnest, high added value of export items was achieved.”
Domestic sales of automobiles in January were totaled 137692 units. The effect of new cars such as Granger, Tucson, and Carnival continued, followed by an extension of the individual consumption tax cut by 30% and an increase in the number of business days by 2 days, increasing 18.4% year-on-year.
Domestic cars occupied all of the top 5 most-selling vehicles, starting with Granger.
The automobile production recorded 3,14,190 units, 24.9% higher, due to the normalization of production through the conclusion of a collective agreement and the increase in supply due to strong demand, such as increased domestic demand and exports. This growth rate is the highest since October 2018.
In the case of eco-friendly cars, domestic sales were 17992 units, up 126.4% from the same period of the previous year, and growth for 12 consecutive months.
Exports reached 32,035 units, 76.5% higher, and exports reached a record high of $900 million. The share of all exports is about 25%.
Domestic sales of electric vehicles decreased by 50.6%, but exports increased by 57.7%.
Auto parts exports increased by 3.9% to $1.81 billion due to the strong SUVs in the North American market, maintaining the growth trend for the third consecutive month.
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