Imported Diesel Car Sales Drop in South Korea
October saw the lowest level in sales of imported diesel vehicles in South Korea in a year as customers seem to be avoiding diesel models following the volkswagen emissions scandal. Around 70% of foreign auto sales in South Korea are diesel engine vehicles.
According to the data by the Korea Automobile Importers and Distributors Association, imported diesel car sales came to the smallest monthly figure since last year. The October sales marked a 20 percent drop from September.
Market experts attributed the decline to the ongoing emissions scandal involving Volkswagen and Audi where they installed “defeat device” software to cheat emissions testing.
Volkswagen sales in South Korea dropped by a third in October from a month earlier. Sales of Audi, the luxury brand of the German carmaker, also fell over the same period.
Due to the VW emissions cheating escapade, the overall sales of foreign brands in S. Korea are slumping. Market experts have not yet stated when they anticipate sales to rise again.