Sales of Korean and imported automobiles here from January to June increased 6 percent and 17.3 percent on-year.
The industry attributes the increase to a cut in intake tax that went into effect in March to enhance domestic costs.
However deduction diminished from 70 percent to 30 percent from July and automakers have to offset any slowing demand with brand-new design launches.
Hyundai is going to launch numerous new SUVs, beginning with the brand-new Tucson next month followed by a partially facelifted variation of the Kona and the brand-new Genesis GV70 The new Tucson is a brand new fourth-generation little SUV, while the GV70 is the high-end brand name Genesis’ first compact SUV.
Kia will likewise boost its SUV lineup. It prepares to launch a brand new variation of the compact SUV Sportage and a partly revamped small SUV Stonic in the second half.
Ssangyong, which remains in severe monetary problem, will launch a partially facelifted G4 Rexton in the fourth quarter.
Importers will likewise generate newer models that have not been available in Korea. Mercedes-Benz is going to launch the GLB compact SUV here in the 3rd quarter. The GLB made its debut in the global market in June last year and draws in attention with a seven-seater model with 3 rows, a feature that no little vehicles have actually had before.
Audi strategies to introduce the SQ8, a brand-new high-performance coupé-style SUV, while GM currently unveiled the high-end CT4 and CT5 Cadillac sedans on July 2 and will start sales in September. It will release the XT4 small SUV later this year.
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