September weak for autos: exports and domestic sales both fall
In South Korea, the market slowed down as exports and local registrations declined, while the Tesla Model Y led domestic sales.
In September, South Korea’s auto industry posted declines both overseas and at home. Exports lost momentum and domestic sales also fell, pointing to a softer market after stronger months earlier in the year.
Among the most in-demand models, the Tesla Model Y stood out by taking the top spot in the local market. The result underlines the growing appeal of EVs, while traditional brands face a more selective demand environment.
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