Post: Korean cars are popular all over the world

Recently, Zhichepai ​​learned that according to a report released by the Korea Automobile Manufacturers Association (KAMA) on the 21st, Korean cars accounted for 7.3% of the global market last year, a slight decline of 0.4 percentage points from 2021 (7.7%). In terms of major exporting countries and regions, the market share of Korean cars in Mexico (12%), the United States (10.7%), Brazil (9.7%), Europe (9.4%), and ASEAN (4.6%) increased year-on-year. Russia (17.8%) and India (21.3%) saw a decline in market share. It only accounts for 1.6% in China, less than a fraction of the Japanese and German ones. The report also mentioned that European cars had the highest market share last year at 25.8%, followed by Japanese cars with 25.3%, Chinese cars with 19.5%, and Korean cars ranking fifth after American cars. Zhichepai ​​learned that in the 2022 global sales rankings, Hyundai and Kia have sold 6.84 million vehicles, making it the third largest automobile group in the world, second only to Japan’s Toyota a