South Korea September 2024: Renault Grand Koleos up to #12
The Renault Grand Koleos aka Geely Monjaro has a blockbuster debut in South Korea.
New light vehicle sales in South Korea edge up 0.9% year-on-year in September to 130,416 units. This lift is only due to the good health of foreign manufacturers at +10.1% to 24,839 whereas locals are off -1% to 105,577. The year-to-date tally is down -6.9% to 1,196,952 including 1,002,221 locals (-7.9%) and 194,731 foreigners (-1.5%). Hyundai (-0.5%) is stable and ranks #1 at home for the 6th time in the past 7 months with 34.6% share. Far below at 29.3% of the market, Kia (-13.8%) follows and sees the gap with Hyundai year-to-date expand to almost 9,000 units including 7,000 for September only. Genesis (+24.9%) is in excellent shape at #3, surpassing the 10,000 monthly sales bar for the 11th consecutive month. Mercedes (+20.2%), BMW (+14.4%) and KG Mobility (+11.5%) also impress but the best performance of the month is delivered by Renault Korea at +203.5% year-on-year and up five spots on August to #6 with 3.8% share vs. 1.6% year-to-date. This is due to one single model as we’ll see further down.
In the local models ranking, the Kia Sorento (-35%) reclaims the top spot it holds year-to-date despite a damning year-on-year loss. The Hyundai Grandeur (-25%) is also in bad shape but manages to maintain itself in 2nd place. The Hyundai Santa Fe (+3.4%) advances to #3 above four surging models: the Kia Carnival (+12.2%), Hyundai Sonata (+65.9%), Kia K8 (+96.8%) up 12 spots on last month to #6 and the Hyundai Tucson (+45.6%). Up to #9 last month, the new Kia EV3 tumbles down to #22. Single-handedly pushing Renault Korea sales up, the Grand Koleos gains 38 ranks on its inaugural month to land at #12, accounting for 78% of the brand’s September sales. As a reminder the Grand Koleos is based on the Geely Monjaro. This is the highest monthly ranking for a Renault Korea model since the QM6 (Koleos) hit #10 in June 2022. Orders for the Grand Koleos have exceeded 15,000 units.
As for foreign models, the Mercedes E-Class (+40.8%) delivers almost 5,000 units, which places it at #4 in the overall models ranking (local + foreigners). This way, it snaps the YTD lead off the Tesla Model Y (-81.1%) imploding this month. The BMW 5 Series (+335.3%) ranks 2nd with just under 2,000 sales, distancing the Mercedes GLC (+185.6%) also in outstanding shape. The Mercedes S Class (+49.8%), BMW X3 (+114%) and Tesla Model 3 (+53300%!) also impress in the remainder of the Top 10.
Previous month: South Korea August 2024: Hyundai Sonata #1, Kia EV3 breaks into Top 10
One year ago: South Korea September 2023: Kia Sorento scores first win, Hyundai Santa Fe up to #5
Full September 2024 Top 30 All brands, Top 58 All local models and Top 50 foreigners below.
South Korea September 2024 – brands:
PosBrandSep-24%/23Aug2024%/23PosFY231Hyundai45,16734.6%– 0.5%1416,14734.8%– 10.9%112Kia38,26929.3%– 13.8%2407,37834.0%– 4.6%223Genesis10,6388.2%+ 24.9%3102,3658.6%+ 5.1%334Mercedes8,3826.4%+ 20.2%548,0484.0%– 11.6%555BMW7,0825.4%+ 14.4%454,4724.6%– 3.6%446Renault Korea5,0103.8%+ 203.5%1119,0421.6%+ 11.2%987KG Mobility (ex Ssangyong)4,5353.5%+ 11.5%636,6933.1%– 28.0%668GM Korea1,9581.5%– 25.6%819,2281.6%– 33.8%879Tesla1,3491.0%n/a723,6172.0%n/a71110Lexus1,3121.0%+ 43.2%1010,1960.9%+ 1.5%111211Volvo1,2821.0%– 17.6%1211,1230.9%– 11.1%101012Audi9950.8%– 29.7%136,5290.5%– 53.7%13913Toyota7780.6%+ 9.3%147,0590.6%+ 16.8%121614Volkswagen7600.6%– 31.8%95,9160.5%– 15.1%151415Porsche7210.6%+ 3.7%156,0430.5%– 32.7%141316Land Rover4460.3%+ 41.6%163,2370.3%– 20.9%171817Mini4280.3%– 42.0%185,7340.5%– 18.1%161518Ford2850.2%+ 57.5%172,9510.2%+ 13.6%182019Honda2230.2%+ 112.4%191,9710.2%+ 142.1%202420Jeep1940.1%– 34.5%212,0340.2%– 40.2%191921Lincoln1930.1%+ 271.2%221,8210.2%+ 118.1%212222Chevrolet1780.1%– 68.4%201,1310.1%– 73.8%221723Cadillac540.0%– 1.8%235250.0%– 22.5%242524Bentley420.0%– 30.0%252570.0%– 57.8%272625Peugeot400.0%– 76.7%247520.1%– 44.2%232126Lamborghini370.0%– 24.5%263230.0%+ 2.2%262927GMC260.0%– 50.0%272440.0%– 38.2%282728Maserati160.0%– 46.7%292030.0%– 39.2%292829Rolls-Royce120.0%– 20.0%281350.0%– 40.5%303030Polestar40.0%– 98.6%304100.0%– 62.8%2523 –Total local manufacturers105,57781.0%– 1.0% –1,002,22183.7%– 7.9% – – –Total foreign manufacturers24,83919.0%+ 10.1% –194,73116.3%– 1.5% – – –Total market130,416100.0%+ 0.9% –1,196,952100.0%– 6.9% – –
South Korea September 2024 – local models:
PosModelSep-24/23Aug2024/23PosFY231Kia Sorento6,628– 35.0%1467,314+ 12.9%132Hyundai Grandeur6,120– 25.0%251,964– 41.3%613Hyundai Santa Fe5,314+ 3.4%456,042+ 111.1%484Kia Carnival4,900+ 12.2%662,352+ 13.9%245Hyundai Sonata4,890+ 65.9%138,963+ 57.5%9176Kia K84,724+ 96.3%1821,067– 37.2%20157Hyundai Tucson4,553+ 45.6%1036,704+ 9.5%11128Kia Sportage4,541– 15.9%356,063+ 5.1%359Hyundai Porter4,457– 22.9%752,735– 28.5%5210Kia Seltos4,433+ 0.8%544,676+ 12.7%71011Hyundai Casper4,002+ 8.0%832,786+ 2.2%131112Renault Korea Grand Koleos3,900new503,945new36 –13Genesis G803,898+ 38.3%1534,880– 3.4%121314Hyundai Avante3,747– 14.2%1138,984– 21.0%8615Kia Ray3,363– 2.9%1336,741– 1.4%10916Genesis GV703,343+ 16.7%1224,766– 1.8%182117Hyundai Staria3,194+ 21.3%1729,928+ 1.0%161618Hyundai Kona2,661+ 6.4%2121,490– 18.8%191919Genesis GV802,610+ 73.2%2031,420+ 59.8%152220Kia Bongo2,586– 42.3%1631,775– 34.3%14721Kia K52,277– 0.1%1926,057+ 5.7%172022Kia EV32,022new97,999new29 –23Hyundai Palisade1,704– 41.9%2215,026– 54.5%211424KGM Actyon1,686new292,466new40 –25Chevrolet Trax Crossover1,444+ 1.4%2514,414– 13.5%222426KGM Rexton Sports1,225– 16.0%269,897– 17.7%272827Hyundai Ioniq 51,172+ 66.2%2311,286– 10.6%252728Kia Morning968– 48.8%2810,296– 47.8%262329Kia Niro873– 51.1%2411,668– 37.5%232530KGM Torres632– 60.1%2711,349– 62.7%241831Renault Korea Arkana579– 14.2%337,832+ 11.9%303332Genesis G90551– 34.1%356,093– 38.8%333033KGM Tivoli515– 30.8%345,193+ 2.5%353734Renault Korea QM6468– 44.2%306,417– 22.6%323135Hyundai Venue411– 46.7%393,396– 41.4%373436Hyundai Ioniq 6368+ 7.0%363,176– 60.4%393237Kia EV6324– 46.1%317,572– 45.4%312638Chevrolet Trailblazer324– 41.9%403,340– 46.1%383639KGM Torres EVX287new375,334new344540Hyundai Nexo268+ 13.1%382,408– 37.1%413941Genesis G70202– 47.4%411,853– 47.0%434042Kia K9163– 29.7%441,743– 45.8%444143KGM Rexton137– 30.5%451,570– 32.6%464344Kia EV9122– 89.5%461,600– 61.5%453545Kia Mohave118– 62.8%422,118– 49.1%423846Hyundai ST1102new43678new49 –47Chevrolet Traverse84+ 44.8%48795– 4.8%485048Chevrolet Colorado68– 25.3%47291– 75.6%524649KGM Korando50– 41.9%49859– 26.4%474850Genesis GV6034– 67.3%52446– 84.8%514251Renault Korea SM633– 75.9%51587– 66.9%504452GMC Sierra31+ 3.3%53250– 32.2%545353Renault Korea Master30n/a54261+ 283.8%535754Chevrolet Tahoe6– 33.3%5588– 48.8%555455Kia K34– 99.6%329,831+ 3.6%282956KGM Korando EV3new5625new56 –57Chevrolet Bolt EUV0– 100.0% –20– 98.6%574758Chevrolet Equinox0– 100.0% –12– 97.2%5851
South Korea September 2024 – foreign models:
PosModelSep-24/23Aug2024/23PosFY231Mercedes E Class4,941+ 40.8%117,599+ 13.3%112BMW 5 Series1,998+ 335.3%314,785– 8.1%223Mercedes GLC994+ 185.6%66,040+ 20.4%584Tesla Model Y793– 81.1%213,672+ 103.2%335Mercedes S Class680+ 49.8%153,994– 52.8%1146BMW X3640+ 114.0%84,206+ 7.4%10147BMW 3 Series622– 26.1%93,935– 17.4%1298Lexus ES603+ 29.7%105,187– 14.8%669Tesla Model 3534+ 53300.0%49,536+ 1627.5%4n/a10Volvo XC60528– 41.3%114,472+ 10.1%81011BMW X5502+ 7.5%144,544+ 19.6%71212Mercedes GLE493– 28.9%134,394– 10.5%9713Lexus NX433+ 94.2%162,795+ 19.2%182214BMW 6 Series421– 23.5%73,795– 16.7%131115BMW 7 Series417+ 13.3%193,046+ 29.4%162116BMW X7408+ 39.7%203,048+ 13.4%151817BMW X6366+ 32.1%252,489– 8.3%211918BMW X4354+ 11.3%172,937– 31.5%171319Audi Q4 e-Tron338+ 75.1%182,519+ 571.7%20n/a20Volvo XC40298+ 189.3%271,896+ 30.2%273621Porsche Cayenne280+ 94.4%292,753– 27.5%191522VW ID.4267+ 20.3%52,119+ 246.8%25n/a23Mercedes CLE248new122,280new22–24Toyota RAV4238+ 6.3%212,119– 1.9%262525Mini Countryman233+ 5.4%392,157+ 10.0%232726Mercedes GLS233+ 356.9%351,225+ 16.9%413927BMW X1195+ 3.2%n/a1,391+ 71.1%313828Range Rover190+ 75.9%341,252– 36.9%383029BMW 4 Series181+ 31.2%261,195+ 40.6%42n/a30VW Tiguan176– 56.5%401,250– 62.8%391731Mini Cooper Hatch171– 27.5%472,153– 34.9%242032Porsche Taycan166+ 24.8%n/a617– 47.1%n/a4033Audi Q8157+ 220.4%44547+ 173.5%n/an/a34Mercedes A Class154+ 1440.0%n/a1,883+ 231.5%28n/a35Mercedes G Class154+ 46.7%n/a1,235– 26.0%403436VW Jetta153+ 19.5%311,342+ 94.2%35n/a37Lexus RX150– 2.0%451,343+ 47.7%34n/a38BMW i4138– 56.5%36988– 50.8%473339Volvo V60 Cross Country135+ 13400.0%n/a733+ 90.9%n/an/a40Toyota Camry133+ 11.8%331,346– 9.4%32n/a41Porsche Panamera133– 22.2%241,000– 36.6%46n/a42Porsche 911126+ 5.9%221,097+ 1.3%45n/a43Jeep Wrangler125– 0.8%n/a877– 14.8%49n/a44VW Golf124– 37.4%43753– 25.8%n/an/a45Ford Explorer123n/a231,269+ 7.1%37n/a46Mercedes C Class122– 64.7%283,294– 12.6%141647BMW iX3115– 75.4%n/a1,345– 34.3%332848Honda CR-V113+ 117.3%49789+ 105.5%n/an/a49Audi A6109– 80.8%301,404– 77.9%30550Land Rover Defender109+ 43.4%n/a817n/an/an/a
Source: KAMA
