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February 22, 2021 12:47
Things are going from bad to worse for Korea s three smaller, struggling automakers Ssangyong, GM Korea and Renault Samsung.
According to the Korea Automobile Manufacturers Association on Sunday, Hyundai sold 47,059 cars and Kia 37,045 in January to rank an unassailable first and second. But they were followed by foreign carmakers, with Mercedes-Benz in third with 5,918 cars and BMW in fourth with 5,717 cars.
Then came Ssangyong with 5,648, GM Korea with 5,162 and Renault Samsung with 3,534.
It is rare in a patriotic market like Korea for two foreign brands to rank so high, and the reason is that they recently released popular models like a new addition to the Mercedes E-Class and BMW 5 Series.