New vehicle sales in South Korea remain flat in 2016, production declines 7.2% y/y
New vehicle sales in South Korea remained flat in 2016, mainly due to the end of special consumption tax relief and decline in imported vehicle sales
New vehicle sales in South Korea including passenger vehicle (PV) imports fell 7.3% year on year (y/y) during December to 184,969 units, down from 199,629 units in December 2015, according to a report by the Yonhap News Agency and data compiled by IHS Automotive
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