CV market decline in South Korea continues in Q2 2025
By Will Pulson - 3rd October 2025
South Korea - The market for commercial vehicles over 2 tons gvw continued to decline in the second quarter of 2025, falling by almost 10% year-on-year to 48,217 units following a 13% drop to 53,329 units in the same period last year, based mainly on data supplied by the vehicle manufacturers.
The country’s economy improved slightly in the second quarter, with year-on-year growth of 0.5% following 0% growth in the first quarter, driven mainly by strong exports as manufacturers stepped up shipments ahead of the planned US import tariffs. The domestic economy remains sluggish, however, with consumer spending held back by high household debt.
