Automobile Industry Trends forSeptember 2016

Production: 258,026 Units, Domestic Sales:128,674 Units, Exports:156,680 Units

□ According to the preliminary data released by the Ministry of Trade, Industry & Energy, the production of finished cars in September 2016 declined by 22.7 percent from the same month a year ago, and domestic sales and exports also fell by 13.8 percent and 23.7 percent, respectively, during the same period

□Production: Domestic production shrank 22.7percent to 258,026 units amid the walkouts at some auto makers.
□Domestic Sales: Domestic car sales dropped 13.8percent from the same month a year earlier to 128,647 units as the special consumption tax cut ended and the release of cars was delayed by the walkouts.
- Sales of imported cars dropped 23.7percent from the same month a year ago but rose5.6percent from the previous month to 18,555 units, with the market share reaching 14.4percent, due to a mix of factors including the suspension of sales at some dealerships, therelease of new models, and reinforced promotional efforts.
□Exports: The prolonged strike pulled down exports in all markets except Africa. Exports declined 23.7percent to 156,680 units,with the amount of exports also declining 24.0percent to $ 2.42 billion.
-On the other hand, overseas output by domestic carmakers continued to increase and sales of overseas factories rose 12.4percent to 423,582 units from the same month a year ago.
□Exports of car parts in September grew 3.5percent from the same month a year earlier to $2.19 billion, extending the gains for two straight months as the production at overseas factories increased.
- Auto parts exports grew in North America, the EU and China amid strong sales performances by Hundai Motor and Kia Motors and a rise in production at their finished car factories overseas.
- On the other hand, exports of auto parts continued to fall in Russia, Brazil and other emerging markets as the prices of raw materials remained steady and consequently held down the countries' economies.

(Vehicle, USD 100 Million, %)

Item			September 2016		% change from previous month		% change from same month 2015		Jan.-Sept. 2016		% change from same period2015
Production			258,026		18.9		-22.7		3,031,093		-9.4
Domestic Sales			128,674		3.3		-13.8		1,326,078		1.8
	Domestically produced vehicles	110,119		2.9		-11.9		1,141659		3.3
	Imported vehicles	18,555		5.6		-23.7		184,419		-6.9
Exports			156,680		11.5		-23.7		1,849,586		-15.3
	(Amount)	24.2		5.1		-24.0		287.4		-14.7
Exports of auto parts(amount)			21.9		22.4		3.5		181.5		-4.8

Ministry of Trade, Industry and Energy (MOTIE) http://english.motie.go.kr www.facebook.com/MotieKoreaEng www.twitter.com/MotieKoreaEng

- 1 -

Directory: wp-content -> uploads -> 2016
2016 -> 2017 afoCo Landmark Scholarship Program
2016 -> Instructions for the Preparation of Camera-Ready Contributions to the Conference Proceedings
2016 -> Step student Scholarships for Year 10-13
2016 -> The united church of canada
2016 -> Idan raichel biography – May 2016 Brief Producer, keyboardist, Lyricist, composer and Performer Idan Raichel
2016 -> An introduction to centre’s interventions expanding access to justice
2016 -> Sanchar Shakti
2016 -> Unit analysis should help here. We want number of bananas
2016 -> The Autobiography of Elder Joseph Bates
2016 -> The Great Heat and the Rhode Island Deep Water Bay Scallop (Argopecten irradians) Fishery 1875-1905