04 February 2019

Japan / Korea JLR Comparison : 2010-18


Can we learn anything from this comparison. Absolutely. They are in close proximity but there are clearly differences in mentality. Korea has import duty applied to vehicles entering the country, Japan does not. Sales in Japan are three times the number. So JLR has a much easier time in Japan. Er...not so fast.

The data:

This covers the past  the past nine years, so the 1.4 million figure for Korea is an average of the past nine years. Then we see Land Rover sales, Jaguar's and a combined number. After that the percentage Jaguar took of the two marques. At the bottom of the list we see a total for the nine years and a market share average for the same time length. Jaguar has 29% of JLR sales in Korea and 39% in Japan. The gap was wider in 2018 (24% to 45%).


Korea

Japan
1,427,992 4,301,238
Yr LR Jag JLR % Jag Yr LR Jag JLR % Jag
10 944 726 1,670 43.5 10 727 1,138 1,865 61.0
11 1,383 1,016 2,399 42.4 11 890 1,020 1,910 53.4
12 1,916 1,197 3,113 38.5 12 1,771 1,014 2,785 36.4
13 3,103 1,901 5,004 38.0 13 3,347 992 4,339 22.9
14 4,675 1,989 6,664 29.8 14 3,126 1,073 4,199 25.6
15 7,171 2,804 9,975 28.1 15 2,979 1,349 4,328 31.2
16 10,601 3,798 14,399 26.4 16 3,165 2,883 6,048 47.7
17 10,740 4,125 14,865 27.7 17 3,597 2,614 6,211 42.1
18 11,772 3,701 15,473 23.9 18 3,964 3,260 7,224 45.1




Tot 52,305 21,257 73,562 28.9 Tot 23,566 15,343 38,909 39.4
% 0.41 0.17 0.57
% 0.06 0.04 0.10

The conclusion: 

Considering Japan's car market is three times larger makes a massive difference. All the facts point to one eventuality but reality is quite the opposite. Despite the clear advantages Japan offers, JLR has a much stronger presence in Korea. JLR sales are close to 0.6% of the total in Korea but just 0.1% in Japan. 

Of course, brands have somewhat differing results but the trend is still there. Koreans buy more premium cars per head so that is a factor not to be denied. Still, whatever the reasons, Korea is a much more successful market for JLR.

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