Premium and Luxury Cars in South Korea

Premium and Luxury Cars in South Korea

During the pandemic, premium and luxury cars saw strong growth, with this set to continue in 2022. A key driver of this positive performance has been the South Korean government’s temporary reduction in the individual consumption tax imposed on passenger car purchases. The tax was cut from 5% to 3.5% in 2018, with this having been rolled over every six months since then, and even being reduced to 1.5% in the first half of 2020 as a measure to help maintain sales at the start of the pandemic. The...

Euromonitor International's Premium and Luxury Cars in South Korea report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers’ shopping patterns. Forecasts to 2026 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Premium and Luxury Cars market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.