2024-04-15 02:52:00
Starting this year, when it is over 80 million won
Institutionalization of light green license plates
3,868 new imported corporate cars in March
A decrease of 31.4% compared to the same month last year
The overall proportion also fell below 30% for the first time.
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As the system of attaching ‘light green license plates’ to corporate vehicles with an acquisition price of 80 million won or more has been implemented starting this year, the number of registered imported corporate vehicles is plummeting. Luxury car brands that mainly own high-priced models are being hit the hardest, and the proportion of corporate purchases of imported cars last month fell below 30% for the first time. The industry believes that the number of registered cars is decreasing as people who bought expensive imported cars in the name of a corporation to seek tax benefits are reducing their purchases due to the burden and reluctance to use light green license plates introduced this year.
According to the Korea Automobile Importers and Distributors Association (KAIDA) on the 15th, the number of registered imported corporate cars worth more than 80 million won last month was counted at 3,868. This is a 31.4% decrease compared to the same period last year (5,636 units). As the number of registered expensive corporate cars decreased this year, the proportion of corporate cars in total imported car sales also decreased sharply. Last month, the number of newly registered imported passenger cars increased by 6.0% from the same period last year (23,840 units) to 25,263 units, of which the proportion of corporate car registrations was 28.4% (7,179 units). This is the first time that the monthly corporate car registration ratio has fallen below 30%.
Sales of luxury car brands worth more than 80 million won are also plummeting. Last year, the proportion of corporate cars by luxury brand was 87.3% for Rolls-Royce, 76.0% for Bentley, and 61.1% for Porsche. However, the number of Bentleys registered in the first quarter of this year was 38, a 77.4% decrease compared to the same period last year. Rolls-Royce and Porsche also decreased by 35.2% and 22.9%, respectively.
Meanwhile, in the domestic imported car market, hybrid car sales exceeded gasoline car sales for the first time as of the first quarter of this year. According to the Korea Automobile Importers and Distributors Association, hybrid cars accounted for the highest proportion of newly registered imported cars from January to March at 47.5% (25,908 units). This is an increase of 16.1 percentage points compared to the first quarter of last year (19,763 units). On the other hand, during the same period, the proportion of gasoline vehicles decreased by 21 percentage points from 49.0% (30,849 units) to 28.0% (15,292 units), falling to second place.
Reporter Jang Byeong-cheol jjangbeng@munhwa.com
1713156987
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