* See the Top 40 best-selling local models by clicking on the title! Thanks to Pedro *
The financial crisis hit the South Korean car market with a vengeance: going from 1,512,935 units in 1997 to 779,905 in 1998, a drop of 48%! Small cars are more popular this year with the Daewoo Matiz, just launched, taking the lead with 88,951 sales and 11.4% share and the Hyundai Atos at #2 and 51,931 units or 6.7%.
The Samsung SM5 shines in third position with 41,593 sales and 5.3% ahead of the Hyundai Avante (aka Elantra) at 39,767 and the Hyundai EF Sonata at 36,130 – note the previous generation Sonata also sells 26,964 units at #8. Notice also the Kia Carnival at #6, the Daewoo Leganza at #7, the SsangYong Korando at #17 and the Asia Rocsta at #39.
Previous year: South Korea 1997: Hyundai Accent in the lead
Full Year 1998 Top 40 Ranking Table below.