TU-TESL

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Affected by the "boycott of Japanese goods" campaign, sales of Japanese cars in South Korea fell 58.4% year-on-year in October, selling only 1977 vehicles, Yonhap reported on November 5. In fact, the Anti Japanese sentiment of the people in South Korea is very strong, which leads to a sharp decline in the sales of Japanese goods in South Korea, especially in the case of Japanese automobile sales. According to the data of Korea automobile import Association, under the Anti Japanese movement in South Korea, the sales volume of Japanese Series cars in South Korea in July decreased by 17.2% year on year, decreased by 56.9% in August, and further expanded to 59.8% in September, showing a high-speed monthly decline trend. This year, the cumulative sales volume of Japanese cars in South Korea was 30634, down 13.1% year on year. South Korea has a strong demand for foreign cars, and the sales volume of Japanese cars in South Korea has been increasing since 2014. It is worth noting that in the first half of 2019 before the "boycott of Japanese goods" campaign launched in South Korea, the sales volume of Japanese Series cars increased by 10.8% year on year, refreshing the best performance in history. However, the sudden reversal in the second half of the year further reflects the strong anti Japanese sentiment of the people. In terms of brands, the sales volume in South Korea in October was 456, a year-on-year decrease of 77%; the sales volume of automobiles decreased by 69.6%, 65.7% and 12% year-on-year. A spokesman for Toyota said that the decline in sales volume was directly affected by the negative impact of Japan South Korea relations. Nissan was earlier told it would exit the South Korean market as sales fell to double digits, but the company said in a statement that South Korea is a market of strategic importance and will overcome difficulties by improving its business in the country. At the same time, the report said that when Japanese cars continued to shrink, German cars realized sales growth. Among them, Mercedes sold 8025 vehicles in South Korea in October, the highest monthly sales volume in South Korea, accounting for more than 36% of the market share of imported vehicles, an increase of 26% year on year. According to another report, in July, when the Korean people boycotted Japanese goods, some participants demonstrated smashing Japanese cars. The picture shows that on July 23, participants demonstrated smashing a Lexus in September cave, Nandong District, Incheon city. The trade dispute between South Korea and Japan continues to ferment, and South Korean people have strong resistance to Japanese goods. The situation of Japanese cars in South Korea will be even worse.