Number of imported cars registered exceeds 3.5 million, with Mercedes-Benz the largest share in Korea

The Korea Automobile Importers and Distributors Association (KAIDA) announced that the total number of imported cars registered as of the end of 2024 will reach 3,508,876, an increase of more than 2 million units over the past 10 years.
This accounts for 13.3% of the total number of registered vehicles, 26,297,919, registered with the Ministry of Land, Infrastructure, Transport and Tourism. The brand with the largest market share in passenger cars is Mercedes-Benz of Germany with 802,494 units.
This was followed by Germany's BMW (720,472 units), Germany's Audi (233,140 units), Germany's Volkswagen (VW, 212,775 units), and Lexus (144,000 units).
In commercial vehicles, Sweden's Volvo Trucks recorded the largest number of units with 18,123 units, followed by Sweden's Scania (11,570 units) and Mercedes-Benz (105 units).
These include Mercedes-Benz (10,980 units), Germany's MAN Truck & Bus (9,579 units), and Isuzu (2,863 units).
In terms of vehicle age, approximately 79.8% were less than 10 years old. Breaking this down, 41.8% were less than 5 years old, and 5.0% were more than 5 years old.
38.0% of vehicles were less than 10 years old. Gyeonggi-do had the most registered vehicles in use in Korea with 939,163, followed by Seoul with 683,768, and Seoul with 37,236.
Incheon followed with 07,703 units, and Busan with 292,769 units.