The Korean government’s stimulus package announced this week will have a significant impact on new-vehicle prices and should boost sales for all five domestic auto makers, industry insiders say. Effective May 1, the 3-tier federal tax structure on new vehicles will be reduced by 70% for the remainder of the year. To qualify for the tax break, buyers must trade in or sell an older model registered prior to Jan. 1, 2000. Government officials estimate 5.5 million vehicles fall into that ...
Premium Content (PAID Subscription Required)
"Korean Tax Cuts to Reduce Some Vehicle Costs Nearly $2,000" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.