Industry’s turnover expands 4% in 2016 to KRW49.2 trillion, thanks to growing revenue from car sales and expanding demand for maintenance and repair services
Revenue from sale of motor vehicles expands 9% in 2016, thanks to strong sales of luxury vehicles and expanding sales network
Passenger vehicle fleet grows 5% in 2016 to 17.3 million units, benefiting providers of maintenance and repair services
Industry forecast to see 2% CAGR over 2016-2021, thanks to anticipated growth in luxury vehicle sales and expanding car fleet, augmenting demand for car maintenance services
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