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.


Novartis M&A Strategy Faces Investor Scrutiny After Drug Setbacks
Norway Core Inflation Rises to 3% in August
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise
Nvidia Plans 2GW Australia AI Data Center Expansion by 2027
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit
OpenAI Rules Out 2026 IPO as Altman Prioritizes AI Safety
OpenAI Agents Linked to RubyGems Cyberattack
Asian Currencies Subdued as Yen Weakens Ahead of Fed, BOJ Decisions
German Inflation Accelerates to 2.9% in August
Qualcomm Stock Jumps on Amazon AI Chip Deal
Fitch Eyes Japan Budget for Fiscal Discipline
Kioxia Rules Out SK Hynix Manufacturing Partnership
Japan Producer Inflation Eases to 7.6% in August
OpenAI Weighs AI Development Slowdown Over Safety Risks
UK Economy Grows 0.4% in July, Beating Forecasts
U.S. Accuses Chinese AI Firms of Extracting Model Capabilities 



