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Imported vehicle sales fall 17% in May due to shortage

June 06,2019
Imported vehicle sales in Korea fell 17 percent in May due mainly to a supply shortage, industry data showed Wednesday.

The number of newly registered foreign vehicles stood at 19,548 last month, sharply down from 23,470 a year ago, according to the data from the Korea Automobile Importers and Distributors Association (Kaida).

“Lack of supply in some brands such as Mercedes-Benz affected the monthly sales result,” Kaida Vice Chairman Yoon Dae-sung said in the statement.

From January to May, imported car sales dropped 23 percent to 89,928 units from 116,798 in the same period last year, it said.