In August this year South Korea's total car output surged by 13.6 percent year on year, totaling 320,438 units, according to a report released by the Korea Automobile Manufacturers Association (KAMA). The report says that the increase was due to the steady growth of sales at home. This was the highest monthly production level achieved in 2011. Meanwhile, in the first eight months of 2011, South Korea's car production rose 9.3 percent year on year to 3,014,824 units.
South Korean domestic sales in August this year grew by 3.7 percent year on year totaling 114,512 units while in the first eight months of 2011 domestic sales climbed 4.2 percent year on year amounting to 981,649 vehicles.
Despite concerns regarding a global economic recession, South Korean car exports in August went up by 17.1 percent year on year to 219,396 units. In the January-August period this year, exports surged 13.8 percent year on year, reaching 2,026,669 units.