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New car registrations down in South Korea

South Korea saw a decrease of approximately 5% in new car registrations between January and May 2023.

02.07.2023 - 08:30

New car registrations down in South Korea

According to the information provided by KAIDA (South Korean Automobile Exporters and Distributors Association), new car registrations increased by 2% on a monthly basis in May 2023 and decreased by 9% on an annual basis.

Looking at the period between January and May 2023, new car registrations decreased by about 5% and were recorded as 103,933 units.

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