Japanese car sales in Korea tumble 56.9% in August y/y

Japanese auto sales in Korea are continuing
to nose-dive… amid the ongoing boycott of Japanese goods… triggered by a trade spat
between Seoul and Tokyo. According to the Korea Automobile Manufacturers
Association on Wednesday,… Japanese car sales tumbled 56-point-9 percent
on-year… to around 1-thousand-4-hundred vehicles in August. This… compared to the 17-point-2 percent
on-year fall posted in July… when the boycott first began. This has corresponded to a falling share of
Japanese autos in the Korean market,… down to 7-point-7 percent last month,… compared
to 16-point-9 percent a year before.

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