Mercedes-Benz sold 52,571 units in South Korea in the first nine months of the year to become the top luxury imported car brand in the country, as sales of imported cars priced over 100 million won hit a record high.
The Mercedes-Benz E300 4MATIC sedan was the most popular model during the period.
Sales of luxury imported cars priced over 100 million won in South Korea surpassed 30,000 units over the first nine months of the year, jumping 64 percent from the 18,857 units posted over the same period in 2019.
The figure marked the first time sales surpassed the threshold, according to the Korea Automobile Importers & Distributors Association.
Sales of imported cars priced 150 million won or higher per unit also surged 34.3 percent on-year, reaching 8,150 units over the first nine months of 2020.
Imported brands account for 17.5 percent of South Korean car sales.
Meanwhile, local sales of budget imported cars with price tags of around 40 to 50 million won reached 31,871 for a 52 percent increase.


Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits
Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9%
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight 



