South Korea’s new car registrations down 2.9 percent in January-October

In October this year, South Korea’s new car registrations decreased by 5.5 percent month on month and 15.9 percent year on year to 21,329 units, according to the data released by the Korea Automobile Importers and Distributors Association (KAIDA).

Meanwhile, in the January-October period this year, South Korean new car registrations declined by 2.9 percent year on year to 219,071 units.