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UK becomes biggest EU market for Korean car brands

Home / Automotive News / UK becomes biggest EU market for Korean car brands

The UK is now the largest new car market in the EY for Korean car brands, with some 190,215 vehicles registered in 2017.

Figures from Manufactures and Traders guide highlight that it’s trade mission to Korea – Kia, Hyundai and SsangYong models accounted for around 1 in 13 (7.5%) of new car registrations in 2017, up 2.5% from a decade ago.

Meanwhile, Korea is now Britain’s third largest Asian car export market after China and Japan. It has been said that the UK’s automotive relationship with Korea goes back years’ ago and today the motor trade between our two countries is still going from strength to strength. Britain being seen as one of the most important global markets for Korean manufacturers and vice-versa with consumers in both countries benefiting from a great choice of cutting edge models.

Imports of Korean-built cars have rocketed 93% over the past decade, to 103,078 models last year. As well as this, sales have also grown in the opposite direction, with a four-fold rise in UK car production for Korean buyers, to over 20,000 units.

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(source information: https://fleetworld.co.uk/uk-becomes-biggest-eu-market-for-korean-car-brands | https://www.motoringresearch.com/car-news/britain-eu-biggest-korean-cars)