Leading automobile company market share in South Korea 2019

The leading car manufacturer in South Korea was local brand Hyundai Motor Company, followed by Kia Motors in 2019. Vehicles manufactured by Hyundai Motor Company accounted for 51.3 percent of the automobile market in South Korea. For decades, the car industry has grown exponentially and has also been an indicator of the country’s economic growth.

Leading passenger car models

Based on the car sales volume in 2019, the top 10 registered car models in 2019 were all domestic car brands. The most popular passenger car models were Hyundai’s Grandeur, Sonata, and Porter. The most popular car model among female drivers was Tivoli by Ssangyong, which was thought to be suitable for women with children because of the large space inside the car. Although South Korea is the home of Hyundai and Kia, imported cars can also be seen very commonly. In 2019, the proportion of imported cars registered as passenger cars reached 16 percent, compared to only three percent in 2005. The most popular imported car brand was Mercedes, followed by BMW and Lexus respectively.

Changing perception of car ownership

Over the past few years, passenger car sales in the country have remained relatively stagnant, standing at around 1.3 million in 2019. In South Korea, the view of passenger car ownership has changed greatly in modern society. According to a survey on car ownership, only 17 percent of respondents stated that car ownership is mandatory. In particular, only eight percent of respondents in their twenties said car ownership was a must. Younger generations are accustomed to a shared culture, and this phenomenon is evident in mobility services. The use of car sharing services such as SoCar and Greencar has more than tripled in recent years.

Market share of the top five car manufacturers in South Korea as of June 2019, based on sales volume

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% Discount until June 30th
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Sources

Release date

June 2019

Region

South Korea

Survey time period

June 2019

Special properties

imported car brands excluded

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Automotive industry in South Korea"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.