BackTesla remains South Korea's top imported car brand for seventh straight month

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Yonhap News1 hour agoBusiness1 min readSouth Korea

Tesla remains South Korea's top imported car brand for seventh straight month

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Tesla led South Korea's imported passenger car market in August with 10,400 units sold, marking its seventh consecutive month as the bestselling brand, according to KAIDA data.
The Tesla Model Y Premium was the top-selling imported model with 7,490 units, and EVs accounted for about half of all imported registrations at 15,183 units.

AI-generated summary

Why It Matters

Tesla has maintained the top position among imported passenger car brands in South Korea since February, according to industry data from KAIDA.

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SEOUL, Sept. 3 (Yonhap) -- U.S. electric vehicle (EV) maker Tesla was the bestselling imported passenger car brand in South Korea for the seventh consecutive month in August, industry data showed Thursday.

According to the Korea Automobile Importers & Distributors Association (KAIDA), 29,817 imported passenger cars were newly registered last month, up 9.2 percent from a year earlier.

Tesla led the market with 10,400 units, maintaining the top spot since February.

BMW ranked second with 6,180, followed by Mercedes-Benz with 3,959 and China's BYD with 2,846.

The Tesla Model Y Premium was the bestselling imported model last month, with 7,490 units sold.

Driven by strong demand for EVs from brands such as Tesla and BYD, EVs accounted for about half of all imported passenger car registrations, totaling 15,183 units in August.

What to Watch

AI outlook — possibilities, not facts

Tesla will likely maintain its position as the leading imported car brand in South Korea through the remainder of 2024.
Likely · Within months

Open Questions

What specific factors are driving Tesla's sustained popularity in South Korea beyond general EV demand?
How do South Korean government incentives for EVs compare to those in other major markets?
What are the long-term implications of Chinese EV makers like BYD gaining market share in South Korea?

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Tesla remains South Korea's top imported car brand for seventh straight month

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