Key Market Indicators
By 2026, Korean Car Registration is predicted to reach 1.68 million units, a 1.1% increase from the 2021 total of 1.54 million. Since 2010, demand for cars in South Korea has grown at a rate of 0.1% per year. Meanwhile, production of cars in South Korea is estimated to fall by 0.9% from 2021 to 2026. From 2002 to 2021, car production in South Korea has dropped by 4%. In 2021, Germany overtook South Korea in total production, with 3.14 million units produced. Japan, Germany and South Korea were the top three car producing countries in 2021.
South Korea Light Vehicle Market Data and Forecasts
How much will South Korea Light Vehicle Market grow to 2026?
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