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Tesla Reclaims Top Spot in South Korea’s Imported Car Market in July

Seoul: Tesla reclaimed the top spot in South Korea's imported car market in July, driven by strong sales of its Model Y, industry data showed Tuesday.

According to Yonhap News Agency, the Korea Automobile Importers and Distributors Association (KAIDA) reported that 27,090 imported passenger cars were newly registered last month, marking a 23.3 percent increase from 21,977 units in the previous year.

KAIDA attributed the sales growth to improved supply conditions for certain brands compared with last year. Tesla led the sales with 7,357 units sold in July, reclaiming the No. 1 spot after losing it in June. The U.S. EV maker first topped the list in May. BMW followed with 6,490 units sold, while Mercedes-Benz ranked third with 4,472 units.

Tesla's Model Y was the best-selling model with 6,559 units sold, followed by the BMW 520 with 1,292 units and Tesla's Model 3 at 798.

By fuel type, hybrids accounted for 49.7 percent of sales at 13,469 units, followed by EVs at 37.6 percent, gasoline models at 11.5 percent, and diesel cars at 1.2 percent.

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