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The Asian situation. (Auto by the Numbers).(Statistical Data Included)

By Taketani, Masaki
Publication: Automotive Design & Production
Date: Wednesday, May 1 2002

Korea's automakers enjoyed brisk sales at home through February this year, jumping 25% year-on-year to 241,462 units. This was due largely to a recovery in domestic consumption, because exports slowed. Domestic demand is rising rapidly, reflecting mounting expectations for an economic recovery and the positive effect of special-consumption tax cuts. Hyundai Motor, the largest carmaker in the country, received so many new orders for its top-selling models such as the new EF Sonata medium sedan, Avante XD (Elantra) and the Santa Fe SUV, it sold 119,674 units; up 29% year-on-year. Fo

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