South Korea’s new car registrations down 2.6 percent in Jan-Apr

In April this year, South Korea’s new car registrations fell by 12.3 percent month on month and by 9.4 percent year on year to 20,910 units, according to the data released by the Korea Automobile Importers and Distributors Association (KAIDA).

Meanwhile, in the January-April period this year, South Korean new car registrations declined by 2.6 percent year on year to 82,594 units.