Tesla Tops South Korea's Imported Car Market for 4th Month in May
Quick Look
- Tesla maintained its lead in South Korea's imported car market in May, selling 10,866 units, primarily driven by its Model Y.
- BMW and Mercedes-Benz followed, while EVs constituted 48.6% of new registrations.
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Why It Matters
Tesla has maintained its position as the top seller of imported cars in South Korea for four consecutive months, with its Model Y being the best-selling model. The overall imported car market saw a 5.9% increase in new registrations in May compared to the previous year.
SEOUL, June 4 (Yonhap) -- Tesla remained at the top of South Korea's imported car market for the fourth consecutive month in May, driven by strong sales of its Model Y, industry data showed Thursday.
According to the Korea Automobile Importers & Distributors Association (KAIDA), 29,860 imported passenger cars were newly registered last month, up 5.9 percent from 28,189 units the previous year.
Tesla topped the list with 10,866 units sold in May, retaining the No. 1 position since February.
BMW followed with 6,555 units sold last month, while Mercedes-Benz ranked third with 3,553 units. China's BYD ranked seventh with 1,032 units sold.
Tesla's Model Y was the best-selling model with 8,762 units sold, followed by the BMW 5 series with 2,060 units and Tesla's Model 3 at 1,301.
By fuel type, electric vehicles accounted for 48.6 percent, with 14,520 units sold, followed by hybrids at 40.4 percent and gasoline models at 10.4 percent.
Open Questions
- Will Tesla maintain its lead in the coming months?
- What is the specific impact of BYD's sales on the market?
- Are there any new models expected to challenge Tesla's dominance?
- What are the future plans for electric vehicle infrastructure in South Korea?
