Diesel market grows in South Korea 11th February 2004
New figures released by the Korea Automobile Manufacturers Association (KAMA) highlight the increasing penetration of diesel-fuelled vehicles into the South Korean car market.
According to the statistics, diesel-fuelled vehicles accounted for 659,079 (49.8 per cent) of the 1,324,027 vehicles registered in the country last year. This represents a 16.7 gain in percentage points compared to sales in 2000.
Furthermore, during the last four months of the year diesel-car sales exceeded 50 per cent, thanks to the popularity of sport utility vehicles.
During the same period sales of gasoline-powered cars remained stagnant in the low 30-per cent region.
KAMA is also anticipating further growth next year following government approval of local sales of diesel-powered passenger cars.
With the launch of diesel-engine compacts in 2005 by Hyundai and Kia, the upward trend in diesel-powered cars is expected to continue.
Industry analysts cited by the Asian Times explained that diesel engines have a number of clear advantages over gasoline engines.
For example diesel fuel is roughly 40 per cent cheaper than gasoline, while auto taxes for diesel-engine cars are a quarter of those for gasoline-powered vehicles.
Noise, vibrations and exhaust from diesel engines have also been reduced thanks to technological advances.
Related articles
- Moving towards cleaner exhaust systems
- Automotive Roundup May 2012
- PLATINUM MARKET SWUNG BACK INTO SURPLUS LAST YEAR, MARKET FORECAST TO REMAIN IN OVERSUPPLY IN 2012
- Johnson Matthey announces expansion of Macedonia autocatalyst plant
- Johnson Matthey unveils new Modulex catalytic convertors and silencers

© Adfero Ltd
Bookmark Using:
Send by email Share on Facebook Tweet this LinkedIn Digg it Bookmark with Delicious Subscribe to Feed Print this page