Japanese car sales in Korea tumble 56.9% in August y/y

As Koreans continue to boycott Japanese goods…
in response to the ongoing trade spat, sales of Japanese cars nose dives. According to the Korea Automobile Manufacturers
Association, a decline of 56-point-9 percent on-year was marked… reducing the number
to around 1-thousand-4-hundred vehicles in August. A significant jump compared to the 17-point-2
percent on-year fall posted in July… when the boycott first began. This corresponded to falling share of Japanese
autos in the Korean market,… down to 7-point-7 percent last month,… compared to 16-point-9
percent a year before.

About the Author: Michael Flood

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