Mercedes, BMW Post Constant Sales in Korea In spite of Lockdown
14 April, 2021
Mercedes-Benz and BMW posted a good combined earnings of W260 billion in Korea this past year regardless of the coronavirus pandemic (US$1=W1,125).
Both German carmakers, which top the Korean import industry, are making up for some of their losses in the global industry thanks to brisk sales here.
In line with the Financial Supervisory Company on Tuesday, Mercedes-Benz posted an operating income of W199.8 billion here last year and BMW W59.7 billion, both like the previous year's figures.
Overall product sales of imported cars rose 12.3 percent to 274,859 this past year, with Mercedes-Benz’s 76,879 and BMW's 58,393 accounting for nearly fifty percent or 49.2 percent.
Meanwhile, ailing small domestic carmakers GM Korea and Ssangyong posted an operating loss of W316.8 billion and W449.4 billion, while Renault Samsung suffered around lack of W100 billion.
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