South Korea’s auto makers all see a strong first quarter, as domestic vehicle sales outperform year-ago’s pace. Analysts are attributing the rebound to a state-imposed tax break meant to stimulate domestic sales in the face of falling exports in a waning global market. No.1 Korean auto maker Hyundai Motor Co. Ltd. saw record domestic sales in the first quarter of 189,831 units, up 22.7% year-on-year, while exports fell 1.8%. Total sales grew 8.4% to 402,766 units, led by deliveries of the ...
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