28 May 2020

Korea Vehicle Production : 2019

Black is back! 

Despite global volumes retreating, somehow Korea managed to minimise the impact and dropped just 2%. Korean cars don't create a mouth-watering experience for me but clearly they do for others. So let's briefly peruse production data in more detail.

PCs. Nothing much changed for Hyundai-Kia while GM Korea hangs on gamely. I'm not sure what the future is there and the fact it's still operational is surprising. Samsung produces mainly for Renault and Nissan but they are both in a state of flux. SsangYong is at a point it needs to grow to get better economies of scale but as things stand it's going nowhere. A real problem child.

CVs. Hyundai-Kia are CV production in Korea, the rest bit players.


Passenger Car

16 17 18 19 Brand Units Share +/-

2 2 1 1 Hyundai 1,557,016 43.1% 4%

1 1 2 2 Kia 1,355,354 37.5% -1%

3 3 3 3 GM Korea 402,249 11.1% -8%

4 4 4 4 Samsung 164,974 4.6% -24%

5 5 5 5 SsangYong 132,994 3.7% -6%


Total 3,612,587 -1%



Commercial Vehicle

16 17 18 19 Brand Units Share +/-

1 1 2 2 Hyundai 229,115 67.8% -9%

2 2 3 3 Kia 94,748 28.0% -2%

3 3 4 4 GM Korea 7,581 2.2% -8%

4 4 5 5 Tata Daewoo 4,669 1.4% -30%

5 5 6 6 Daewoo Bus 1,914 0.6% -10%


Total 338,027
-8%




Grand Total 3,950,614
-2%


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