Date
23 September 2017

Korean cars make up 8.8% of 2013 China sales, paper says

Korean cars accounted for 8.8 percent of all vehicles sold in China in 2013, an all-time high, Yonhap news agency reported Wednesday. About 17.93 million cars were sold in the mainland last year, up 15.7 percent from 2012. Korean cars saw their market share grow to 8.1 percent in 2011 and 8.6 percent in 2012 from 7.5 percent in 2010. Meanwhile, Japanese cars cornered a smaller share of the market amid Sino-Japanese territorial tensions, the report said. Domestic brands grabbed the biggest share of the market with 40.3 percent, followed by European cars with 22 percent and Japanese vehicles with 16.3 percent. American brands came in at 12.4 percent. China imported US$47.44 billion worth of cars last year, the report said.

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