BMW Group Korea and Mercedes-Benz Korea sold 69,400 units and 61,436 units in South Korea from January to November of last year to exceed the sales of Renault Samsung Motors Corp., GM Korea Co., and SsangYong Motor Co.
It is the first time since the Korea Automobile Importers and Distributors Association started compiling sales statistics in 2003 that the German duo surpassed the Korean units of three other foreign carmakers.
During the January to November period, total imported car sales totaled 252,242 units, up 3.6 percent on-year.
Of those sold during the said period were 59,435 luxury models with a price of more than 100 million won, accounting for 23.6 percent of total sales.
This figure is far higher than the 15.7 percent reported in 2020, 11.8 percent in 2019, and 10.1 percent in 2018.


Asian Currencies Rise Ahead of BOJ and Fed Meetings as Dollar Softens
Australia Inflation Surges in March as Fuel Prices Spike Amid Middle East Conflict
Strait of Hormuz Shipping Crisis Deepens as Traffic Plunges Amid Iran-U.S. Tensions
Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.
Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal
Ukraine Faces Pressure to Introduce VAT on Low-Value Imports to Secure IMF Funding
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift
Asian Stocks Mixed as BOJ Holds Rates, Oil Prices and Fed Outlook Weigh on Markets
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales
Gold Prices Drop Amid Iran War Concerns, Rising Oil Costs, and Hawkish Central Bank Signals
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List
Oil Prices Slip Amid UAE’s OPEC Exit and Ongoing Iran Conflict Concerns
Kia Cuts EV Prices in Europe as Chinese Carmakers Intensify Competition 



