Luxury Car Sales Plunge In Korea After Company Vehicles Forced To Wear Green Plates

  • 📰 Carscoop
  • ⏱ Reading Time:
  • 23 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 63%

Bentley 뉴스

Industry,Korea,Lamborghini

Rule change means all company vehicles over $58k need the distinctive plates and it’s a big tax and status turn-off for wealthy Koreans

Company-owned vehicles now wear bright green license plates in Korea. The distinctive new plates were introduced to cut down on tax evasion. Bentley sales in Korea have reportedly dropped by 77 percent since the plates were introduced. Sales of Bentley, Porsche and Rolls-Royce cars have nose-dived in Korea, a new report says, and it’s got nothing to do with drivers being unable to afford them. The real reason is the introduction of compulsory green license plates for company cars.

But now that all company cars are clearly marked, those kind of tactics are going to be all too visible if the cars are used for private trips. The effect on sales of luxury and exotic cars has been dramatic. Bentley registrations in Korea have sunk by 77 percent for the first three months of 2024 compared with the same period last year, Korea Times says, while Rolls-Royce and Porsche reported drops of 35 percent and 23 percent.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 306. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Luxury Unfiltered: The mistake the luxury industry is making with AILuxury Unfiltered is a weekly column by Daniel Langer, an expert in luxury branding, hospitality and activations who was named a “Global Top 5 Luxury Key Opinion Leader” by Netbase Quid.
출처: LuxuryDaily - 🏆 325. / 59 더 많은 것을 읽으십시오 »