While the number of registered domestic cars is increasing, the number of imported cars is decreasing, as people in their 20s and 30s are switching to domestic cars = South Korea

According to the Korea Automobile Mobility Industry Association (KAMA) and the Korea Imported Automobile Association (KAIDA), last year the number of new Korean-made cars registered by people under 30 was 297,931, an increase of 1 from the previous year.
.3% increase. On the other hand, the number of registered imported cars decreased by 15.1% to 53,639 units. Due to continued high interest rates and rising prices, the cost of purchasing and maintaining a car has increased, making it cheaper than an expensive imported car.
This seems to be due to the increasing number of people choosing domestically produced cars, which are suitable and have superior performance. Last year, the number of imported cars purchased by people in their 30s decreased significantly, resulting in a 20-30% increase in the overall imported car market.
The proportion of registered vehicles in the 2000s decreased to 17.8% (48,178 vehicles). This is the first time in 14 years since 2009 that the percentage of imported cars registered by people in their 20s and 30s has fallen below 20%.
An industry source said, ``Until now, people in their 20s and 30s could only buy a car for less than 100 million won (approximately 11.26 million yen) even if they were prepared to sacrifice their lives and chose to pay in installments.
Prices of high-end imported cars have soared to easily exceed 100 million won. This point also seems to be influencing the decline in purchases of imported cars by people in their 20s and 30s."
On the other hand, the number of new imported cars registered by people in their 50s was 38,738, continuing to rise from 2020, when it was 35,102. In 2020, the number of people in their 60s was 14,941.
The number continued to increase from 2015 to 17,328 units last year.