Economy, Auto
0

Popularity of S. Korean Cars Endures

Popularity of S. Korean Cars Endures Popularity of S. Korean Cars Endures

Hyundai, Kia and Toyota were the top popular foreign car brands in Iran in the last Iranian year (ended March 19, 2016) said the deputy head of Iran's Automobile Importers Association.  

According to Kourosh Morshed Solouk, of all the foreign car brands imported last year, Hyundai, Kia, Toyota and Renault each grabbed 36%, 20%, 16% and 7% share of the domestic market respectively, Eghtesad News reported.

Although the figures indicate the prevailing popularity of Korean brands with Iranian buyers, Morshed Solouk said the shares of Hyundai and Kia have slightly declined compared with the past figures.

In December 2015, Farhad Ehteshamzad, the head of Iran’s Automobile Importers Association, said that during the first seven months of the last Iranian year, Hyundai, Kia and Toyota each held 40%, 17% and 16% of the market share respectively.

Financialtribune.com