A report issued by the Korean Automobile Manufacturers Association (KAMA) showed that Europe came in first place with the largest share in the global auto market during the year 2022, at a rate of 25.8%, to maintain the lead despite a decrease in its share by 1.8 percentage points compared to 2021.
The share of Japanese cars fell from 27.2% to 25.3%, ranking second in the world.
The share of Chinese cars rose by 3.7 percentage points from 15.8% to 19.5%, ranking third for the first time, ahead of American cars.
South Korea came in fifth place after Europe, Japan, China and the United States.
The report showed that South Korea's share of the global auto market fell slightly to 7.3 percent last year.
Okaz (Seoul) @okaz_online