Sales of diesel cars expected to reach a record-high

Sales of diesel cars expected to reach a record-high

Diesel car sales in South Korea will likely outdo 500,000 units for the first time this year. The number of newly registered diesel cars reached at 249,407 units between January and June in 2014, according to the recent official data released by the Korea Automobile Manufactures Association (KAMA). The number represents a 28.6percent jump from 193,935units during the same period a year ago.

In the light of the current sale pace, the number of registered diesel cars is forecast to top 500,000 units in 2014. This is because sales of imported diesel cars are increasing while domestic automakers are quick to enhance their sedan line-up. The number of registered diesel cars is sharply rising with 339,231 units in 2012 and 402,961 units in 2013.

Backed by increased sales of diesel cars, the overall sales of diesel cars also went up. As many as 395,540 cars were newly registered in the first half this year, up 17.0 percent from 338,051 units a year ago. The number of registered gasoline-powered car, meanwhile, came to 343,581 units in the first half this year, down 1.5 percent from 348,757 units compared to the same period a year ago. A spokesperson of the association noted, “overall cars sales in the first half grew 7.3 percent from last year, but most of the growth came from diesel cars.”

 
 
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