Premium and Luxury Cars in South Korea

In the first half of 2020, and despite the spread of COVID-19, South Korea saw increased sales of premium and luxury cars. A key driver of the positive performance was the local government’s temporary reduction in individual consumption tax, which is imposed on passenger car purchases. The tax cut was an attempt to revive the freezing domestic economy from the impact of the pandemic. The tax was cut from 5% to 1.

The 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 2025 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.