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South Korea Autos Q2 2019

South Korea Autos Q2 2019

Key View:

In 2019, we believe that South Korea's new vehicle sales market will continue on its contractionary trajectory, andcontract by 4.1%, this follows a contraction of 0.5% in 2018. The primary reasons for the continued weakness of the South Koreanautomotive sector is its high youth unemployment, which will continue to place a cap on the growth potential of vehicle sales, andwaning consumer confidence that will lead consumers away from making larger purchases, such as new vehicles. Thegovernment's attempt to prop up the automotive sector by upgrading their fleets will fade and coupled with its expected tighteningof its monetary policy, will fail to stem the weakening of its new vehicle market over our 2019-2028 forecast period.

Key View
Autos SWOT
Industry Forecast
Industry Forecast Scenario
Passenger Vehicles
Commercial Vehicles
Industry Risk/Reward Index
Asia Autos Sales Risk/Reward Index
Asia Autos Production Risk/Reward Index
South Korea Autos Sales Risk/Reward Index
South Korea Autos Production Risk/Reward Index
Company Profile
Hyundai Motors
Kia Motors
Renault Samsung Motors
SsangYong Motor
Regional Overview
Asia Autos Overview
South Korea Demographic Outlook
Autos Methodology

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