[South Korea Data: Chinese Cars Surpassed Japanese Cars in South Korean Market for the First Time]

Published: Jun 2, 2026 11:06

Save

According to a report by Yonhap News Agency on June 1, data released by the Korea Automobile Importers and Distributors Association on the same day showed that among newly registered imported cars in South Korea in April, Chinese-made vehicles ranked third, surpassing Japanese-made vehicles for the first time in history. The data showed that among newly registered imported cars in South Korea in April, European-made vehicles ranked first with 16,800 units, followed by US-made (13,600 units), Chinese-made (2,023 units), and Japanese-made (1,974 units). Yonhap News Agency noted that this was the first time Chinese-made vehicles surpassed Japanese-made vehicles in South Korea's imported car market. South Korean media widely regarded this ranking as an important signal of a shifting landscape in South Korea's imported car market. The Korea Economic Daily reported that Chinese automobile brands are rapidly increasing their presence in the South Korean market.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

48 mins ago

Metals Rose Broadly, SHFE Tin Up Over 3%, SHFE Copper, SHFE Aluminum, Coking Coal, and Stainless Steel Up Over 1%, Lithium Carbonate Down Nearly 4% [SMM Midday Review]

48 mins ago

2 hours ago

Copper Prices Rose but Suppliers Were Unwilling to Lower Prices, Market Trading Was Poor [SMM South China Spot Copper]

2 hours ago

Copper Prices Rise Suppressing Consumption, Spot Premiums Run at Low Levels [SMM North China Spot Copper]

Today, #1 copper cathode spot prices in North China against the front-month contract were reported at a discount of 360 yuan/mt to a discount of 300 yuan/mt, with an average discount of 330 yuan/mt, down 10 yuan/mt from the previous trading day. The average transaction price was 105,535 yuan/mt, up 1,020 yuan/mt from the previous trading day.

2 hours ago