SEOUL, 10th November, 2024 (WAM) -- The number of diesel cars imported to the Republic of Korea has plunged by more than 60 percent so far this year, with their market share dipping to the lowest in 20 years, data showed Sunday, Yonhap News Agency reported.
In the January-October period, the number of diesel vehicle imports came to 6,740, down 65.1 percent from the same period last year, according to the data from the Korea Automobile Importers & Distributors Association (KAIDA).
In October alone, the number plummeted 58.7 percent on-year to 643. The January-October figure accounted for 3.1 percent of all imported vehicles, marking the smallest market share since 2004.
The local market share of diesel imports had peaked at 69 percent in 2015 after breaching the 20 percent and 30 percent marks in 2009 and 2011, respectively, according to KAIDA.