The sale of imported cars increased over 16% percent in August of 2012 when compared to August of 2011 in Korea. The increase is attributed to the aggressive sales promotions by local dealers and increased interest in luxury foreign cars. The free trade agreements may have, also, made more mid-income consumers consider purchasing a foreign cars.
The U.S. (7.1% of foreign car market in August) is still lagging way behind European (77.9%) and Japanese (15%) competitors even, though, American car companies offer the best deals in the market.
Why are Americans cars not popular in Korea?
__________
Sean Hayes, IPG’s Co-Chair of the Korea Practice Team, may be contacted at: SeanHayes@ipglegal.com
Similar Posts:
- Mergers & Acquisitions in The Korean E-Commerce Market: Opportunities for Foreign Niche E-Commerce Sites
- Weekly Korean Legal News from International Law Firm – IPG Legal
- Weekly Korean Legal News from International Law Firm – IPG Legal
- Korean Talent can Increase your Brand’s Exposure in the West by Dan Gardner
- Opportunities in Korea’s Growing Tuning & Performance Modification Industry for Foreign Companies
- Guide to Establishing a Company in Korea: Branch vs. Office; FIPA vs. FETA
- So you want to do business in Korea? Listen to my Mother. Korean Joint Venture/Partnership Basics
- The Death of Samsung by Tom Coyner
- All Eyes on Korea as the F-35 Faces Judgment: Korea’s Defense Acquisition Program
- Selling in South Korea: For your Sales & Marketing in Korea – Distributor Needed? by Tom Coyner
You must log in to post a comment.