Average sales price for imported cars in Korea reaches 5-year high 수입차 평균 판매가격

Average sales price for imported cars in Korea reaches 5-year high   수입차 평균 판매가격


The average sales price of an imported car
in Korea has reached a five-year high,… at more than 55-thousand U.S. dollars.
The Korea Automobile Importer and Dealer Association attributed the increase to a surge in demand
for high-end cars with 100 million won-plus price tags.
Almost 180-thousand imported cars were sold in Korea in the first nine months of the year,
an on-year jump of more than 58 percent. The average unit price for importers and dealers
is around 30-thousand dollars, a gap of roughly 25-thousand dollars.
Industry watchers blame the excessive margin for imported cars to the skewed distribution
channel in Korea.

About the Author: Michael Flood

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